Endeavour Silver (NYSE:EXK) Earns Buy Rating from Analysts at B. Riley Financial

Equities researchers at B. Riley Financial started coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note issued to investors on Monday. The firm set a “buy” rating and a $14.00 price target on the mining company’s stock. B. Riley Financial’s price target points to a potential upside of 88.00% from the company’s previous close.

Several other equities analysts have also recently commented on EXK. HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research report on Thursday, July 9th. Wall Street Zen cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Stock Performance

Endeavour Silver stock traded down $0.07 during mid-day trading on Monday, reaching $7.45. The company’s stock had a trading volume of 352,096 shares, compared to its average volume of 9,906,471. The company has a market capitalization of $2.21 billion, a P/E ratio of 35.47 and a beta of 1.35. The firm’s fifty day moving average price is $8.36 and its two-hundred day moving average price is $9.93. Endeavour Silver has a 12-month low of $5.02 and a 12-month high of $15.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The business had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Sell-side analysts predict that Endeavour Silver will post 0.7 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC boosted its stake in Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after acquiring an additional 3,647 shares during the last quarter. Signaturefd LLC purchased a new position in Endeavour Silver during the fourth quarter valued at $47,000. Bartlett & CO. Wealth Management LLC bought a new stake in Endeavour Silver in the 1st quarter valued at $55,000. Finally, Greenberg Financial Group purchased a new stake in Endeavour Silver in the 4th quarter worth $94,000. Institutional investors own 20.06% of the company’s stock.

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.