HC Wainwright Issues Positive Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price upped by HC Wainwright from $7.00 to $7.25 in a report published on Wednesday morning, Marketbeat reports. They currently have a buy rating on the mining company’s stock.

EXK has been the topic of a number of other reports. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Up 2.7 %

Endeavour Silver stock opened at $4.64 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver has a 1-year low of $2.02 and a 1-year high of $5.67. The company has a market cap of $1.22 billion, a PE ratio of -35.70 and a beta of 1.55. The stock’s 50 day moving average price is $3.84 and its 200 day moving average price is $4.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, sell-side analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently modified their holdings of EXK. Quest Partners LLC purchased a new stake in shares of Endeavour Silver in the third quarter worth about $964,000. Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver in the third quarter worth about $100,000. Walleye Capital LLC purchased a new stake in shares of Endeavour Silver in the third quarter worth about $111,000. National Bank of Canada FI boosted its holdings in 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 valued at $1,788,000 after purchasing an additional 15,075 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Endeavour Silver in the third quarter valued at about $261,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.