Endeavour Silver (NYSE:EXK) Upgraded to Hold at Zacks Research

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

EXK has been the subject of a number of other research reports. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. CIBC raised shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price for the company in a research note on Monday, November 3rd. B. Riley upped their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday. HC Wainwright reissued a “buy” rating and issued a $14.50 price objective (up from $11.00) on shares of Endeavour Silver in a research report on Friday. Finally, Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Friday. Five investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.88.

Endeavour Silver Stock Up 0.1%

Shares of NYSE:EXK opened at $11.18 on Monday. The firm has a market cap of $3.30 billion, a P/E ratio of -32.87 and a beta of 1.23. Endeavour Silver has a 12-month low of $2.95 and a 12-month high of $11.70. The business has a fifty day simple moving average of $8.94 and a 200 day simple moving average of $7.37. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23.

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

Hedge Funds Weigh In On Endeavour Silver

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after buying an additional 3,005,563 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock valued at $51,916,000 after acquiring an additional 223,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Endeavour Silver by 13.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock valued at $26,895,000 after acquiring an additional 643,641 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after purchasing an additional 2,374,365 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Endeavour Silver by 19.9% in the 2nd quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock worth $21,927,000 after purchasing an additional 740,046 shares in the last quarter. Institutional investors and hedge funds 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.