Endeavour Silver Corp. (NYSE:EXK) Receives Average Recommendation of “Buy” from Brokerages

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been given an average rating of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.56.

EXK has been the topic of a number of recent analyst reports. Alliance Global Partners raised their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. TD Securities began coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating on the stock. StockNews.com raised Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. HC Wainwright dropped their price target on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th.

Endeavour Silver Price Performance

EXK stock opened at $3.67 on Friday. The company has a market capitalization of $961.40 million, a P/E ratio of -28.19 and a beta of 1.64. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The business has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $4.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Research analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares during the period. Alpha Cubed Investments LLC purchased a new stake in Endeavour Silver during the fourth quarter valued at about $37,000. Geode Capital Management LLC boosted its position in Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares during the period. National Bank of Canada FI increased its stake in shares of Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after purchasing an additional 15,075 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Endeavour Silver by 16.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after purchasing an additional 19,200 shares during the period. 20.06% of the stock is owned by 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.