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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.50.

A number of equities research analysts have recently issued reports on EXK shares. HC Wainwright reiterated a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, May 7th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Endeavour Silver by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after acquiring an additional 3,005,563 shares during the last quarter. Van ECK Associates Corp raised its position in Endeavour Silver by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock worth $92,071,000 after acquiring an additional 261,196 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Endeavour Silver by 83.5% in the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock valued at $74,303,000 after purchasing an additional 3,594,123 shares in the last quarter. Condire Management LP lifted its holdings in shares of Endeavour Silver by 50.1% in the fourth quarter. Condire Management LP now owns 4,503,543 shares of the mining company’s stock valued at $42,333,000 after purchasing an additional 1,503,543 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Endeavour Silver by 42.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock valued at $28,574,000 after purchasing an additional 910,378 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Stock Down 0.1%

Shares of NYSE EXK opened at $8.55 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. Endeavour Silver has a 52 week low of $4.75 and a 52 week high of $15.15. The firm has a 50-day moving average price of $9.12 and a 200 day moving average price of $10.20. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -106.87 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. Equities research analysts anticipate that Endeavour Silver will post 0.63 EPS for the current fiscal year.

Endeavour Silver Company Profile

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.