Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) has received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of research firms recently weighed in on EXK. BMO Capital Markets reiterated a “hold” rating on shares of Endeavour Silver in a research report on Thursday, November 1st. Noble Financial lowered shares of Endeavour Silver from an “outperform” rating to a “hold” rating in a research report on Thursday, November 1st. Noble Capital Markets lowered shares of Endeavour Silver from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 1st. HC Wainwright set a $6.00 target price on shares of Endeavour Silver and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research lowered shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 25th.

NYSE:EXK opened at $1.93 on Friday. Endeavour Silver has a 1-year low of $1.79 and a 1-year high of $3.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Wednesday, October 31st. The mining company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Endeavour Silver had a negative net margin of 3.86% and a negative return on equity of 2.44%. The firm had revenue of $37.58 million during the quarter, compared to analysts’ expectations of $38.74 million. Equities research analysts forecast that Endeavour Silver will post -0.05 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of EXK. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Endeavour Silver during the 3rd quarter worth $4,459,000. Alps Advisors Inc. raised its stake in shares of Endeavour Silver by 156.9% during the 2nd quarter. Alps Advisors Inc. now owns 717,708 shares of the mining company’s stock worth $2,239,000 after buying an additional 438,318 shares during the last quarter. Morgan Stanley raised its stake in shares of Endeavour Silver by 33.7% during the 3rd quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock worth $3,990,000 after buying an additional 435,827 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Endeavour Silver by 9.4% during the 3rd quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock worth $10,219,000 after buying an additional 380,525 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Endeavour Silver by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 10,401,422 shares of the mining company’s stock worth $32,452,000 after buying an additional 283,099 shares during the last quarter. Institutional investors own 20.65% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.

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