Endeavour Silver Corp. (NYSE:EXK) Receives $6.56 Consensus Price Target from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.56.

EXK has been the topic of several research analyst reports. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. HC Wainwright dropped their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. TD Securities started coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Alliance Global Partners upped 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.

Endeavour Silver Trading Up 4.8 %

NYSE:EXK opened at $3.60 on Friday. 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 company’s 50 day moving average is $3.90 and its 200-day moving average is $3.98. The firm has a market cap of $943.05 million, a price-to-earnings ratio of -27.65 and a beta of 1.64. Endeavour Silver has a 12 month low of $1.42 and a 12 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. Equities analysts anticipate that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

A number of large investors have recently bought and sold shares of the stock. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver during the 4th quarter valued at $37,000. Blue Trust Inc. increased its stake in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Endeavour Silver in the third quarter valued at about $80,000. Quantbot Technologies LP acquired a new position in Endeavour Silver during the 3rd quarter worth about $100,000. Finally, Walleye Capital LLC bought a new stake in Endeavour Silver during the 3rd quarter worth about $111,000. 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.