Analysts Set Endeavour Silver Corp. (NYSE:EXK) Target Price at $6.63

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.63.

Several brokerages have recently commented on EXK. HC Wainwright raised their target price on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Alliance Global Partners raised 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. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th.

Endeavour Silver Stock Performance

EXK opened at $4.76 on Tuesday. The firm has a market cap of $1.17 billion, a PE ratio of -36.69 and a beta of 1.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $4.29 and a 200-day simple moving average of $3.85. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. As a group, equities analysts predict that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of Endeavour Silver by 126.3% in the second quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after purchasing an additional 13,657,121 shares during the period. Tidal Investments LLC bought a new position in shares of Endeavour Silver in the first quarter worth about $19,008,000. Jupiter Asset Management Ltd. increased its stake in shares of Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after purchasing an additional 4,046,065 shares during the period. TD Asset Management Inc bought a new position in shares of Endeavour Silver in the second quarter worth about $9,452,000. Finally, National Bank of Canada FI increased its stake in shares of Endeavour Silver by 5,735.0% in the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after purchasing an additional 431,274 shares during the period. 20.06% of the stock is currently owned by 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.