HC Wainwright Issues Pessimistic Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price dropped by stock analysts at HC Wainwright from $7.25 to $7.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target indicates a potential upside of 97.18% from the stock’s previous close.

Several other research analysts also recently commented on the company. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Alliance Global Partners boosted their price objective 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. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Stock Up 0.6 %

Shares of EXK opened at $3.55 on Friday. The company has a market capitalization of $931.25 million, a P/E ratio of -27.31 and a beta of 1.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The business’s 50 day simple moving average is $4.15 and its 200-day simple moving average is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts predict that Endeavour Silver will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after acquiring an additional 8,389 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter valued at $80,000. Rathbones Group PLC raised its position in shares of Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after acquiring an additional 8,500 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Endeavour Silver during the 3rd quarter valued at $100,000. Finally, Walleye Capital LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter valued at $111,000. 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.