HC Wainwright Issues Positive Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective increased by stock analysts at HC Wainwright from $6.00 to $7.25 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s target price would indicate a potential upside of 51.04% from the stock’s previous close. HC Wainwright also issued estimates for Endeavour Silver’s FY2025 earnings at $0.16 EPS.

Other research analysts have also issued research reports about the stock. Alliance Global Partners raised their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. CIBC raised their target price on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Performance

EXK opened at $4.80 on Wednesday. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67. The stock has a market cap of $1.18 billion, a PE ratio of -68.56 and a beta of 1.67. The business’s 50 day moving average is $4.17 and its 200-day moving average is $3.79. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. On average, analysts predict 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 made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after buying an additional 658,215 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Endeavour Silver by 60.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares during the period. Tidal Investments LLC purchased a new stake in shares of Endeavour Silver in the first quarter worth approximately $19,008,000. TD Asset Management Inc acquired a new stake in shares of Endeavour Silver during the second quarter worth approximately $9,452,000. Finally, National Bank of Canada FI grew its position in Endeavour Silver by 5,735.0% during the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.