Endeavour Silver Corporation (NYSE:EXK) Receives Average Recommendation of “Buy” from Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received an average rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and five have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.8750.

A number of equities research analysts recently commented on EXK shares. CIBC raised Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective for the company in a research note on Monday, November 3rd. B. Riley upped their price target on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. B. Riley Wealth Advisors Inc. bought a new stake in shares of Endeavour Silver in the second quarter worth about $613,000. Abbington Investment Group bought a new position in shares of Endeavour Silver during the 3rd quarter valued at about $2,944,000. Azarias Capital Management L.P. acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at approximately $5,606,000. Stonehage Fleming Financial Services Holdings Ltd increased its stake in Endeavour Silver by 583.3% during the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock worth $812,000 after purchasing an additional 140,870 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in Endeavour Silver by 202.0% during the 2nd quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after purchasing an additional 415,200 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Trading Up 3.2%

EXK opened at $11.57 on Friday. The firm has a 50 day simple moving average of $9.10 and a 200 day simple moving average of $7.43. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $11.70. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -34.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The business had revenue of $111.40 million during the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. On average, sell-side analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.