Endeavour Silver Corporation (NYSE:EXK) Given Consensus Recommendation of “Buy” by Analysts

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.50.

A number of analysts have recently weighed in on EXK shares. BMO Capital Markets reissued an “outperform” rating on shares of Endeavour Silver in a research report on Monday, January 19th. iA Financial set a $11.00 price target on shares of Endeavour Silver in a report on Friday, January 9th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. HC Wainwright raised their price objective on shares of Endeavour Silver from $14.50 to $17.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, B. Riley Financial boosted their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th.

Endeavour Silver Trading Down 2.5%

Shares of EXK opened at $11.22 on Monday. The company has a market capitalization of $3.32 billion, a P/E ratio of -26.71 and a beta of 1.16. Endeavour Silver has a one year low of $2.95 and a one year high of $15.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.30 and a current ratio of 1.53. The stock has a 50-day moving average price of $11.74 and a 200 day moving average price of $9.21.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%.The business had revenue of $172.60 million for the quarter, compared to analysts’ expectations of $227.99 million. Sell-side analysts forecast that Endeavour Silver will post -0.07 EPS 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. Caitong International Asset Management Co. Ltd lifted its holdings in Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after buying an additional 3,647 shares during the last quarter. Signaturefd LLC bought a new stake in shares of Endeavour Silver in the 4th quarter valued at approximately $47,000. Total Investment Management Inc. bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $41,000. Greenberg Financial Group acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at approximately $94,000. Finally, Renaissance Technologies LLC bought a new position in Endeavour Silver during the fourth quarter worth $96,000. 20.06% of the stock is owned by institutional investors.

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.