Analysts Set Endeavour Silver Corporation (NYSE:EXK) Target Price at $8.33

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $8.3333.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Thursday, June 12th. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Zacks Research lowered Endeavour Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, CIBC lifted their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently bought and sold shares of EXK. Bank of America Corp DE boosted its stake in Endeavour Silver by 239.2% in the fourth quarter. Bank of America Corp DE now owns 256,399 shares of the mining company’s stock valued at $938,000 after acquiring an additional 180,800 shares during the period. Intact Investment Management Inc. acquired a new position in Endeavour Silver during the 1st quarter valued at approximately $877,000. Cambridge Investment Research Advisors Inc. grew its stake in Endeavour Silver by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company’s stock worth $361,000 after buying an additional 12,660 shares during the last quarter. U S Global Investors Inc. increased its position in Endeavour Silver by 6.5% in the first quarter. U S Global Investors Inc. now owns 452,500 shares of the mining company’s stock worth $1,930,000 after buying an additional 27,500 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in Endeavour Silver in the first quarter valued at $1,490,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $7.70 on Friday. Endeavour Silver has a 52 week low of $2.95 and a 52 week high of $8.36. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.25 billion, a P/E ratio of -28.50 and a beta of 1.29. The stock has a 50 day moving average of $6.18 and a 200-day moving average of $4.94.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The company had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. On average, analysts expect 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.