Endeavour Silver Corporation (NYSE:EXK) Given Consensus Rating of “Moderate Buy” by Brokerages

Endeavour Silver Corporation (NYSE:EXKGet Free Report) (TSE:EDR) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.50.

EXK has been the topic of a number of research reports. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Friday, July 17th. B. Riley Financial initiated coverage on shares of Endeavour Silver in a research note on Monday. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th.

Get Our Latest Analysis on Endeavour Silver

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new position in Endeavour Silver during the 3rd quarter worth approximately $14,146,000. International Assets Investment Management LLC bought a new stake in shares of Endeavour Silver in the 1st quarter valued at $1,774,000. Montrusco Bolton Investments Inc. boosted its stake in shares of Endeavour Silver by 15.5% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,402,392 shares of the mining company’s stock valued at $13,208,000 after purchasing an additional 187,917 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Endeavour Silver by 18,554.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock valued at $17,715,000 after purchasing an additional 1,892,600 shares during the last quarter. Finally, Groupe la Francaise increased its position in shares of Endeavour Silver by 44.3% during the first quarter. Groupe la Francaise now owns 866,000 shares of the mining company’s stock worth $8,054,000 after buying an additional 266,000 shares during the period. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $8.98 on Thursday. The business’s 50-day moving average price is $8.30 and its 200-day moving average price is $9.87. Endeavour Silver has a 12 month low of $5.07 and a 12 month high of $15.15. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 42.79 and a beta of 1.35. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34.

Endeavour Silver (NYSE:EXKGet Free Report) (TSE:EDR) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. Equities research analysts forecast that Endeavour Silver will post 0.68 EPS for the current year.

About Endeavour Silver

(Get Free Report)

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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