Endeavour Silver (NYSE:EXK) PT Raised to $6.25 at Alliance Global Partners

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price lifted by Alliance Global Partners from $5.25 to $6.25 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the mining company’s stock. Alliance Global Partners’ target price indicates a potential upside of 15.53% from the stock’s current price.

EXK has been the subject of several other reports. HC Wainwright cut their target price on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. CIBC raised their price objective on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.31.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $5.41 on Tuesday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -270.50 and a beta of 1.71. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $3.75 and its 200-day simple moving average is $3.62. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.64.

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

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of EXK. American Century Companies Inc. purchased a new stake in shares of Endeavour Silver during the 2nd quarter valued at about $589,000. National Bank of Canada FI raised its position in Endeavour Silver by 5,735.0% during the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares during the period. Jupiter Asset Management Ltd. raised its position in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Endeavour Silver by 3.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after purchasing an additional 188,787 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of Endeavour Silver in the 3rd quarter worth approximately $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.