Endeavour Silver Corp. (NYSE:EXK) Receives Average Rating of “Moderate Buy” from Analysts

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.13.

A number of analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Endeavour Silver in a research report on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective for the company. Alliance Global Partners lifted their price target on Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. CIBC lifted their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, HC Wainwright lowered their price target on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a research report on Friday, August 2nd.

Endeavour Silver Stock Down 4.8 %

Endeavour Silver stock opened at $4.08 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -202.50 and a beta of 1.70. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.02. The business has a fifty day moving average price of $3.48 and a 200-day moving average price of $3.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $58.30 million during the quarter, compared to analyst estimates of $62.01 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. Equities research analysts forecast that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. Dynamic Technology Lab Private Ltd purchased a new position in shares of Endeavour Silver during the 4th quarter valued at about $30,000. MCIA Inc purchased a new position in shares of Endeavour Silver during the 1st quarter valued at about $34,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at about $42,000. Hohimer Wealth Management LLC purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at about $42,000. Finally, SG Americas Securities LLC raised its stake in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 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.