Endeavour Silver (NYSE:EXK) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. CIBC upped their target price on Endeavour Silver from $7.25 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. HC Wainwright upped their target price on Endeavour Silver from $8.75 to $9.75 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and an average target price of $9.88.

Endeavour Silver Stock Down 13.3%

Shares of NYSE:EXK opened at $8.09 on Monday. The company has a market capitalization of $2.37 billion, a P/E ratio of -29.97 and a beta of 1.29. The stock’s fifty day simple moving average is $6.94 and its 200-day simple moving average is $5.30. Endeavour Silver has a 52-week low of $2.95 and a 52-week high of $10.37. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $85.30 million during the quarter, compared to analyst estimates of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. As a group, equities research analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd increased its stake in Endeavour Silver by 583.3% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock worth $812,000 after acquiring an additional 140,870 shares during the last quarter. Azarias Capital Management L.P. acquired a new stake in Endeavour Silver during the second quarter worth about $5,606,000. Aire Advisors LLC acquired a new stake in Endeavour Silver during the second quarter worth about $148,000. Invesco Ltd. increased its stake in Endeavour Silver by 56.0% during the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company’s stock worth $14,098,000 after acquiring an additional 1,185,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Endeavour Silver by 133.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after buying an additional 747,556 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.