HC Wainwright Forecasts Strong Price Appreciation for Endeavour Silver (NYSE:EXK) Stock

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target hoisted by stock analysts at HC Wainwright from $7.00 to $7.25 in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target would indicate a potential upside of 54.09% from the stock’s current price.

EXK has been the topic of a number of other research reports. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday. Finally, StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Price Performance

Shares of NYSE EXK opened at $4.71 on Wednesday. The company has a 50 day simple moving average of $3.85 and a two-hundred day simple moving average of $4.03. Endeavour Silver has a fifty-two week low of $2.02 and a fifty-two week high of $5.67. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -36.19 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $69.90 million. Analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of EXK. Schroder Investment Management Group purchased a new position in Endeavour Silver in the fourth quarter worth about $36,000. Alpha Cubed Investments LLC purchased a new stake in Endeavour Silver during the fourth quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Endeavour Silver in the fourth quarter worth approximately $43,000. Farringdon Capital Ltd. purchased a new position in shares of Endeavour Silver during the 4th quarter worth $55,000. Finally, Oxford Asset Management LLP bought a new position in Endeavour Silver in the 4th quarter worth $57,000. 20.06% of the stock is currently owned by hedge funds and other 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.