Analysts Set Endeavour Silver Corp. (NYSE:EXK) PT at $6.50

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $6.50.

A number of research analysts have commented on the stock. CIBC lifted their price objective on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. HC Wainwright lowered their price objective on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a report on Friday, August 2nd. Alliance Global Partners upped their price objective on Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BMO Capital Markets began coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective for the company. Finally, StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th.

Endeavour Silver Stock Up 3.7 %

EXK stock opened at $3.11 on Friday. The company’s 50 day moving average is $3.96 and its two-hundred day moving average is $2.92. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.02. The company has a current ratio of 2.02, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock has a market cap of $764.64 million, a P/E ratio of -155.50 and a beta of 1.69.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 6.53%. The firm had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $62.01 million. During the same quarter in the prior year, the business earned $0.01 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts expect that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at $25,000. Dynamic Technology Lab Private Ltd acquired a new position in Endeavour Silver during the fourth quarter worth approximately $30,000. MCIA Inc purchased a new position in Endeavour Silver during the first quarter worth approximately $34,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $42,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth $42,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.