Endeavour Silver Corp. (NYSE:EXK) Receives $6.63 Average PT from Brokerages

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

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

Endeavour Silver Stock Up 4.6 %

EXK stock opened at $4.30 on Friday. The stock has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $4.00. 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 firm has a market capitalization of $1.13 billion, a PE ratio of -33.08 and a beta of 1.62. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67.

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

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. bought a new position in Endeavour Silver during the 2nd quarter worth approximately $589,000. Quest Partners LLC bought a new position in shares of Endeavour Silver in the third quarter worth approximately $964,000. Van ECK Associates Corp increased its stake in shares of Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after buying an additional 658,215 shares during the period. National Bank of Canada FI raised its holdings in Endeavour Silver by 5,735.0% during the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after buying an additional 431,274 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new stake in Endeavour Silver during the 3rd quarter valued at $1,382,000. Institutional investors own 20.06% of the company’s stock.

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.