Endeavour Silver Corp. (NYSE:EXK) Given Average Recommendation of “Buy” by Analysts

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has earned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.63.

EXK has been the topic of a number of research reports. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright raised their price target on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, March 12th. Finally, Raymond James assumed coverage on Endeavour Silver in a report on Friday. They set an “outperform” rating for the company.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC bought a new position in Endeavour Silver during the third quarter worth about $964,000. Barclays PLC boosted its stake in Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after acquiring an additional 51,901 shares during the last quarter. Sprott Inc. grew its holdings in Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after purchasing an additional 298,091 shares during the period. Geode Capital Management LLC raised its holdings in Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares during the period. Finally, CIBC Asset Management Inc bought a new position in shares of Endeavour Silver during the fourth quarter worth $119,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Trading Down 4.0 %

Shares of EXK opened at $4.65 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -35.73 and a beta of 1.55. The stock has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $4.11. Endeavour Silver has a 52-week low of $2.12 and a 52-week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $69.90 million. Analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Endeavour Silver Company Profile

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.