Endeavour Silver (NYSE:EXK) Upgraded by StockNews.com to Sell Rating

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued on Tuesday.

EXK has been the subject of several other research reports. HC Wainwright reiterated a “buy” rating and issued a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, December 18th. Alliance Global Partners lifted their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Securities started coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

NYSE:EXK opened at $3.71 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market cap of $973.21 million, a price-to-earnings ratio of -28.54 and a beta of 1.62. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The stock’s 50 day simple moving average is $4.53 and its two-hundred day simple moving average is $4.01.

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. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Endeavour Silver’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. lifted its position in shares of Endeavour Silver by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after purchasing an additional 19,200 shares during the last quarter. Virtu Financial LLC purchased a new position in Endeavour Silver in the 3rd quarter worth about $80,000. Barclays PLC lifted its holdings in Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after buying an additional 51,901 shares in the last quarter. Geode Capital Management LLC boosted its position in Endeavour Silver by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after buying an additional 10,543 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Endeavour Silver in the 3rd quarter worth about $261,000. 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.