Endeavour Silver (NYSE:EXK) Earns “Buy” Rating from HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Thursday,Benzinga reports. They presently have a $17.00 price objective on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 110.01% from the company’s previous close.

EXK has been the topic of several other research reports. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Endeavour Silver presently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Trading Down 1.8%

NYSE:EXK opened at $8.10 on Thursday. Endeavour Silver has a 12-month low of $4.91 and a 12-month high of $15.15. The firm has a market cap of $2.40 billion, a PE ratio of -101.17 and a beta of 1.33. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $8.99 and a 200 day moving average price of $10.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Sell-side analysts anticipate that Endeavour Silver will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXK. FNY Investment Advisers LLC acquired a new stake in Endeavour Silver during the second quarter worth approximately $107,000. Harbor Investment Advisory LLC boosted its holdings in shares of Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after buying an additional 2,500 shares in the last quarter. VectorGlobal IAG Inc. acquired a new position in shares of Endeavour Silver in the 1st quarter valued at $317,000. Groupe la Francaise grew its position in shares of Endeavour Silver by 44.3% in the 1st quarter. Groupe la Francaise now owns 866,000 shares of the mining company’s stock valued at $8,054,000 after buying an additional 266,000 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Endeavour Silver by 85.4% in the 1st quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company’s stock valued at $25,198,000 after buying an additional 1,246,554 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.