Endeavour Silver Corp. (NYSE:EXK) Given Consensus Rating of “Buy” by Analysts

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

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Wednesday, February 12th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating on the stock. Finally, HC Wainwright dropped their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday, January 10th.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its position in shares of Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock valued at $40,914,000 after acquiring an additional 3,869,920 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endeavour Silver by 122.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock valued at $23,858,000 after acquiring an additional 3,581,936 shares during the period. Millennium Management LLC bought a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $7,930,000. American Century Companies Inc. boosted its position in shares of Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after acquiring an additional 1,937,150 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after acquiring an additional 1,780,405 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Down 3.1 %

Shares of NYSE EXK opened at $3.96 on Thursday. The firm has a market cap of $1.04 billion, a PE ratio of -30.42 and a beta of 1.63. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The company’s fifty day simple moving average is $3.79 and its 200 day simple moving average is $3.93. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

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.