Brokerages Set Endeavour Silver Corporation (NYSE:EXK) Price Target at $14.50

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.50.

Several equities analysts have recently commented on EXK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a report on Thursday, July 9th. Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, B. Riley Financial started coverage on Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective on the stock.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently modified their holdings of the business. N.E.W. Advisory Services LLC acquired a new stake in Endeavour Silver in the 2nd quarter worth about $29,000. TD Waterhouse Canada Inc. boosted its holdings in Endeavour Silver by 223.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock valued at $29,000 after purchasing an additional 2,418 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Endeavour Silver by 166.7% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,500 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after purchasing an additional 3,647 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Endeavour Silver during the first quarter worth approximately $55,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

NYSE EXK opened at $10.78 on Monday. The stock has a market cap of $3.19 billion, a PE ratio of 51.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The firm has a 50-day moving average of $8.86 and a 200-day moving average of $9.65. Endeavour Silver has a 52-week low of $5.75 and a 52-week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $212.10 million for the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, sell-side analysts anticipate that Endeavour Silver will post 0.68 EPS for the current year.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.