Endeavour Silver (NYSE:EXK) Price Target Raised to $6.25 at Alliance Global Partners

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price raised by research analysts at Alliance Global Partners from $5.25 to $6.25 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. Alliance Global Partners’ price target would suggest a potential upside of 12.01% from the stock’s current price.

A number of other brokerages have also recently weighed in on EXK. CIBC boosted their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. HC Wainwright dropped their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.31.

Endeavour Silver Stock Up 8.3 %

Shares of EXK traded up $0.43 during midday trading on Tuesday, reaching $5.58. The stock had a trading volume of 6,766,755 shares, compared to its average volume of 5,421,446. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -279.00 and a beta of 1.71. The company’s fifty day simple moving average is $3.64 and its two-hundred day simple moving average is $3.59. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $62.01 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. Endeavour Silver’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. Equities research analysts expect that Endeavour Silver will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in Endeavour Silver by 12.9% in the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after purchasing an additional 1,237,440 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Endeavour Silver by 3.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after acquiring an additional 188,787 shares during the period. SG Americas Securities LLC increased its stake in Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after purchasing an additional 4,046,065 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after purchasing an additional 6,800 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.