Endeavour Silver (NYSE:EXK) Given Buy Rating at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued on Monday,Benzinga reports. They currently have a $7.25 target price on the mining company’s stock. HC Wainwright’s price objective indicates a potential upside of 76.83% from the company’s current price.

Several other research firms have also issued reports on EXK. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners lifted their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Securities initiated coverage on Endeavour Silver in a report on Friday. They issued a “buy” rating for the company. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Down 2.6 %

EXK traded down $0.11 during midday trading on Monday, hitting $4.10. 651,236 shares of the company’s stock traded hands, compared to its average volume of 5,517,773. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market cap of $1.01 billion, a PE ratio of -31.54 and a beta of 1.67. The stock’s fifty day simple moving average is $4.56 and its 200-day simple moving average is $3.99. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, equities analysts anticipate that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares during the period. Blue Trust Inc. increased its position in Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Rathbones Group PLC lifted its holdings in shares of Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after acquiring an additional 10,543 shares during the period. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Endeavour Silver in the second quarter valued at about $42,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.