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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.8750.

A number of equities analysts have recently weighed in on EXK shares. Industrial Alliance Securities set a $11.00 price target on Endeavour Silver in a report on Friday, January 9th. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, HC Wainwright reiterated a “buy” rating and issued a $14.50 target price (up previously from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th.

Endeavour Silver Trading Up 1.0%

Shares of Endeavour Silver stock traded up $0.12 during mid-day trading on Friday, hitting $11.69. The stock had a trading volume of 18,625,308 shares, compared to its average volume of 13,472,075. The firm has a 50-day moving average of $9.19 and a two-hundred day moving average of $7.49. The firm has a market cap of $3.45 billion, a P/E ratio of -34.38 and a beta of 1.23. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23. Endeavour Silver has a 12-month low of $2.95 and a 12-month high of $11.72.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The business had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. Sell-side analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after purchasing an additional 3,005,563 shares during the period. Jupiter Asset Management Ltd. raised its position in Endeavour Silver by 2.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock valued at $51,916,000 after purchasing an additional 223,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Endeavour Silver by 13.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock valued at $26,895,000 after buying an additional 643,641 shares during the period. Alps Advisors Inc. grew its position in shares of Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after buying an additional 2,374,365 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Endeavour Silver by 19.9% during the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock worth $21,927,000 after buying an additional 740,046 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

About Endeavour Silver

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.