Endeavour Silver Corporation (NYSE:EXK) Given Average Recommendation of “Moderate Buy” by Analysts

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.50.

Several analysts have issued reports on the company. HC Wainwright restated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a research note 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. B. Riley Financial initiated coverage on Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently modified their holdings of the business. Wellington Altus USA Inc. bought a new position in Endeavour Silver in the 2nd quarter worth approximately $147,000. Engineers Gate Manager LP raised its holdings in Endeavour Silver by 8.1% during the 2nd quarter. Engineers Gate Manager LP now owns 162,566 shares of the mining company’s stock valued at $1,346,000 after acquiring an additional 12,245 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Endeavour Silver during the 2nd quarter valued at $53,000. Amundi lifted its position in shares of Endeavour Silver by 66.3% during the second quarter. Amundi now owns 54,341 shares of the mining company’s stock worth $450,000 after acquiring an additional 21,658 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Endeavour Silver by 223.5% during the second quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock worth $29,000 after acquiring an additional 2,418 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 6.8%

Shares of EXK stock opened at $10.18 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $3.01 billion, a P/E ratio of 48.45 and a beta of 1.43. The company has a 50 day moving average of $9.52 and a 200-day moving average of $9.46. Endeavour Silver has a 12-month low of $6.09 and a 12-month high of $15.15.

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

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development, and operation of silver-gold properties. The company’s activities include underground mining, mineral processing, project development, and exploration for additional deposits.

Endeavour Silver’s operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.