Shares of Endeavour Silver Corporation (NYSE:EXK – Get Free Report) (TSE:EDR) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.00.
A number of equities analysts have issued reports on EXK shares. Citigroup lowered shares of Endeavour Silver to a “market perform” rating in a research report on Friday, October 9th. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Friday, October 9th. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Canadian Imperial Bank of Commerce lowered shares of Endeavour Silver from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings raised shares of Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd.
Get Our Latest Report on Endeavour Silver
Endeavour Silver Stock Up 6.6%
Shares of EXK stock opened at $8.36 on Friday. Endeavour Silver has a fifty-two week low of $6.91 and a fifty-two week high of $15.15. The firm has a market capitalization of $2.48 billion, a PE ratio of 21.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The stock’s 50-day simple moving average is $8.94 and its 200-day simple moving average is $9.65.
Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last released its earnings results on Monday, November 9th. The mining company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $184.50 million during the quarter, compared to the consensus estimate of $197.00 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. Equities analysts expect that Endeavour Silver will post 0.68 earnings per share for the current year.
Institutional Investors Weigh In On Endeavour Silver
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. TD Waterhouse Canada Inc. grew its holdings in Endeavour Silver by 223.5% during the second quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock worth $29,000 after acquiring an additional 2,418 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Endeavour Silver in the second quarter valued at approximately $29,000. Harbor Investment Advisory LLC lifted its holdings in Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after acquiring an additional 2,500 shares during the period. Fortitude Family Office LLC acquired a new position in Endeavour Silver in the third quarter valued at approximately $34,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Endeavour Silver in the 1st quarter worth approximately $55,000. 20.06% of the stock is owned by institutional investors and hedge funds.
Endeavour Silver Company Profile
Endeavour Silver Corp. is a Canadian mining company that acquires, explores, develops and operates silver and gold properties. Founded in 2004, the company focuses on producing precious metals and expanding its portfolio through mine development and exploration.
Its mining and development activities have centered on Mexico, including the Guanaceví and Bolañitos operations and the Terronera project. Endeavour has also expanded into Peru through its acquisition of the Kolpa mine, which produces silver as well as lead, zinc and copper.
Endeavour Silver is headquartered in Vancouver, British Columbia.
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