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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given a consensus rating of “Buy” by the twelve brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.8750.

Several analysts have recently commented on EXK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, January 14th. iA Financial set a $11.00 target price on Endeavour Silver in a report on Friday, January 9th. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, B. Riley Financial upped their price objective on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Total Investment Management Inc. acquired a new position in Endeavour Silver in the second quarter valued at $41,000. Signaturefd LLC acquired a new position in shares of Endeavour Silver in the 4th quarter valued at about $47,000. Centric Wealth Management purchased a new stake in shares of Endeavour Silver during the 2nd quarter worth about $60,000. Andina Capital Management LLC acquired a new stake in Endeavour Silver during the 3rd quarter worth approximately $89,000. Finally, Swiss Life Asset Management Ltd purchased a new position in Endeavour Silver in the third quarter valued at approximately $92,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock traded down $0.09 on Thursday, hitting $12.29. The company’s stock had a trading volume of 2,154,840 shares, compared to its average volume of 15,907,309. The company has a market capitalization of $3.63 billion, a P/E ratio of -36.13 and a beta of 1.23. Endeavour Silver has a 52-week low of $2.95 and a 52-week high of $15.15. The firm has a fifty day moving average price of $10.71 and a 200-day moving average price of $8.36. 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 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.