Endeavour Silver (NYSE:EXK) PT Lowered to $6.00 at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target decreased by equities researchers at HC Wainwright from $6.25 to $6.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective indicates a potential upside of 40.35% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Alliance Global Partners upped their target price on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. CIBC increased their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, BMO Capital Markets initiated coverage on Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.06.

Endeavour Silver Price Performance

Shares of EXK stock opened at $4.28 on Wednesday. The stock has a 50 day moving average price of $3.44 and a 200 day moving average price of $3.44. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The firm has a market capitalization of $1.05 billion, a P/E ratio of -213.75 and a beta of 1.71.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. As a group, sell-side analysts predict that Endeavour Silver will post 0.04 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MCIA Inc bought a new stake in Endeavour Silver during the first quarter valued at about $34,000. Baader Bank Aktiengesellschaft bought a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $42,000. Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver during the second quarter valued at approximately $42,000. SG Americas Securities LLC boosted its stake in Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after acquiring an additional 7,852 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new position in Endeavour Silver in the second quarter worth $51,000. Institutional investors own 20.06% of the company’s stock.

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.