Alliance Global Partners Boosts Endeavour Silver (NYSE:EXK) Price Target to $6.25

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target boosted by Alliance Global Partners from $5.25 to $6.25 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the mining company’s stock.

A number of other analysts have also recently commented on EXK. HC Wainwright lowered their price objective on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. CIBC increased their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.31.

Endeavour Silver Stock Up 1.1 %

Shares of NYSE:EXK opened at $5.46 on Tuesday. The company has a 50 day moving average of $3.80 and a 200-day moving average of $3.63. Endeavour Silver has a one year low of $1.42 and a one year high of $5.64. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -273.00 and a beta of 1.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its stake in Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after purchasing an additional 6,800 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Endeavour Silver by 61.6% in the first 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. Blue Trust Inc. lifted its position in shares of 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. Rathbones Group PLC increased its holdings in shares of 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 acquiring an additional 8,500 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $42,000. 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.