StockNews.com Upgrades Endeavour Silver (NYSE:EXK) to Sell

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by equities researchers at StockNews.com to a “sell” rating in a note issued to investors on Wednesday.

EXK has been the subject of several other reports. HC Wainwright lifted their price objective on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday. Alliance Global Partners lifted their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, CIBC lifted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Performance

Shares of EXK stock traded up $0.02 during midday trading on Wednesday, hitting $4.72. The company had a trading volume of 6,898,612 shares, compared to its average volume of 5,472,580. The company’s 50 day simple moving average is $4.13 and its 200 day simple moving average is $3.79. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -67.42 and a beta of 1.67. 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 quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts anticipate that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its position in shares of 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 acquiring an additional 6,800 shares in the last quarter. SG Americas Securities LLC lifted its position in Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares during the period. Blue Trust Inc. lifted its position in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Rathbones Group PLC lifted its position in Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new position in Endeavour Silver during the second quarter worth about $42,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

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.