Endeavour Silver Corp (NYSE:EXK) Receives Average Rating of “Buy” from Analysts

Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) has earned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $2.75.

A number of research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Endeavour Silver in a research note on Friday, April 12th. HC Wainwright set a $3.00 price target on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Thursday, July 11th. Zacks Investment Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 25th. Noble Financial reiterated a “hold” rating on shares of Endeavour Silver in a research note on Sunday, June 23rd. Finally, ValuEngine upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Wednesday, July 17th.

NYSE EXK traded down $0.13 during trading on Wednesday, reaching $2.30. The company’s stock had a trading volume of 263,821 shares, compared to its average volume of 2,773,967. The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $316.80 million, a price-to-earnings ratio of -25.56 and a beta of 0.18. Endeavour Silver has a twelve month low of $1.68 and a twelve month high of $2.97. The business’s fifty day moving average is $2.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Monday, May 6th. The mining company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Endeavour Silver had a negative net margin of 20.16% and a negative return on equity of 16.79%. The business had revenue of $29.10 million during the quarter, compared to analyst estimates of $32.66 million. On average, equities analysts predict that Endeavour Silver will post -0.12 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Sigma Planning Corp boosted its holdings in Endeavour Silver by 334.4% during the first quarter. Sigma Planning Corp now owns 377,069 shares of the mining company’s stock worth $950,000 after buying an additional 290,261 shares in the last quarter. Two Sigma Securities LLC boosted its holdings in Endeavour Silver by 200.1% during the fourth quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock worth $76,000 after buying an additional 23,479 shares in the last quarter. ETF Managers Group LLC boosted its holdings in Endeavour Silver by 8.8% during the first quarter. ETF Managers Group LLC now owns 663,918 shares of the mining company’s stock worth $1,673,000 after buying an additional 53,560 shares in the last quarter. Millennium Management LLC purchased a new stake in Endeavour Silver during the fourth quarter worth about $1,977,000. Finally, Raymond James & Associates boosted its holdings in Endeavour Silver by 27.7% during the fourth quarter. Raymond James & Associates now owns 219,797 shares of the mining company’s stock worth $473,000 after buying an additional 47,691 shares in the last quarter. Institutional investors and hedge funds own 18.73% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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