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

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received an average rating of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.63.

Several research firms have recently commented on EXK. TD Securities assumed coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. HC Wainwright reissued a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research note on Monday, December 2nd. Alliance Global Partners lifted their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $3.92 on Friday. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The company has a market capitalization of $1.03 billion, a PE ratio of -30.15 and a beta of 1.62. The company has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business 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 business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. As a group, equities analysts forecast that Endeavour Silver will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. increased its holdings in shares of Endeavour Silver by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after acquiring an additional 19,200 shares in the last quarter. Virtu Financial LLC acquired a new position in Endeavour Silver during the 3rd quarter valued at approximately $80,000. Barclays PLC raised its holdings in shares of Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after buying an additional 51,901 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $460,000 after buying an additional 10,543 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Endeavour Silver during the third quarter worth $261,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

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.