Endeavour Silver’s (EXK) Buy Rating Reaffirmed at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They currently have a $7.25 price objective on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 80.80% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. TD Securities initiated coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. Finally, Alliance Global Partners raised their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Up 3.6 %

Shares of NYSE:EXK opened at $4.01 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.05 billion, a PE ratio of -30.85 and a beta of 1.62. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The business’s fifty day simple moving average is $4.57 and its 200-day simple moving average is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, equities research analysts predict that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver during the 2nd quarter valued at about $42,000. Oxbow Advisors LLC purchased a new stake in Endeavour Silver in the second quarter valued at approximately $51,000. Blue Trust Inc. boosted its position in Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the last quarter. Virtu Financial LLC acquired a new position in Endeavour Silver in the 3rd quarter worth approximately $80,000. Finally, Rathbones Group PLC raised its position in Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.