Endeavour Silver (NYSE:EXK) Given Buy Rating at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating restated by HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $7.25 price target on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 117.07% from the stock’s previous close.

A number of other equities research analysts have also recently commented on EXK. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. StockNews.com raised Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, Raymond James started coverage on shares of Endeavour Silver in a report on Friday, March 21st. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Down 0.3%

Endeavour Silver stock opened at $3.34 on Wednesday. The stock’s 50 day moving average price is $3.92 and its 200 day moving average price is $4.02. Endeavour Silver has a 1-year low of $2.46 and a 1-year high of $5.67. The company has a market cap of $920.05 million, a PE ratio of -25.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The company had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $83.10 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, sell-side analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Renaissance Technologies LLC boosted its position in shares of Endeavour Silver by 82.4% in the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company’s stock worth $677,000 after buying an additional 83,600 shares during the period. Barclays PLC grew its holdings 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $321,000. HighTower Advisors LLC boosted its holdings in Endeavour Silver by 28.3% in the fourth quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock worth $575,000 after purchasing an additional 34,700 shares during the period. Finally, Sprott Inc. grew its position in shares of Endeavour Silver by 23.1% during the 4th quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after buying an additional 298,091 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.