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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.50.

Several equities analysts recently commented on EXK shares. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Finally, B. Riley Financial initiated coverage on shares of Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective for the company.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently added to or reduced their stakes in EXK. N.E.W. Advisory Services LLC bought a new position in shares of Endeavour Silver in the 2nd quarter worth about $29,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Endeavour Silver by 223.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock worth $29,000 after purchasing an additional 2,418 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Endeavour Silver by 166.7% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $43,000 after acquiring an additional 3,647 shares during the period. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Endeavour Silver during the first quarter worth about $55,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $10.78 on Monday. The firm has a fifty day moving average of $8.86 and a 200-day moving average of $9.66. Endeavour Silver has a 52-week low of $5.75 and a 52-week high of $15.15. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.19 billion, a P/E ratio of 51.33 and a beta of 1.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. The firm had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. As a group, analysts predict that Endeavour Silver will post 0.68 EPS for the current 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.