Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have received a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.00.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Tuesday. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Endeavour Silver in a research report on Thursday, January 11th. ValuEngine lowered Endeavour Silver from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BMO Capital Markets assumed coverage on Endeavour Silver in a report on Friday, November 17th. They issued a “market perform” rating for the company. Finally, Noble Financial reiterated a “buy” rating on shares of Endeavour Silver in a report on Thursday, January 11th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Global X MANAGEMENT CO LLC lifted its holdings in Endeavour Silver by 8.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock worth $3,849,000 after buying an additional 122,180 shares during the period. Ninepoint Partners LP purchased a new stake in Endeavour Silver in the 3rd quarter worth approximately $1,924,000. Van ECK Associates Corp lifted its holdings in Endeavour Silver by 11.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,370,190 shares of the mining company’s stock worth $22,301,000 after buying an additional 944,317 shares during the period. JPMorgan Chase & Co. purchased a new stake in Endeavour Silver in the 3rd quarter worth approximately $226,000. Finally, Jane Street Group LLC lifted its holdings in Endeavour Silver by 66.5% in the 3rd quarter. Jane Street Group LLC now owns 192,707 shares of the mining company’s stock worth $459,000 after buying an additional 76,937 shares during the period. Institutional investors and hedge funds own 20.58% of the company’s stock.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Monday, February 26th. The mining company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Endeavour Silver had a return on equity of 6.78% and a net margin of 6.43%. The business had revenue of $41.64 million for the quarter, compared to analyst estimates of $39.19 million. equities analysts anticipate that Endeavour Silver will post 0.16 EPS for the current fiscal year.
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Endeavour Silver Company Profile
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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