Endeavour Silver (NYSE:EXK) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. HC Wainwright boosted their price objective on shares of Endeavour Silver from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Trading Down 7.6%

NYSE EXK opened at $9.47 on Monday. Endeavour Silver has a 52 week low of $2.95 and a 52 week high of $15.15. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.80 billion, a PE ratio of -22.54 and a beta of 1.16. The firm has a 50 day moving average of $11.88 and a two-hundred day moving average of $9.45.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $172.60 million during the quarter, compared to analyst estimates of $227.99 million. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. As a group, research analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after purchasing an additional 3,005,563 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Endeavour Silver by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock worth $92,071,000 after buying an additional 261,196 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Endeavour Silver by 83.5% during the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock valued at $74,303,000 after acquiring an additional 3,594,123 shares during the period. Condire Management LP lifted its holdings in Endeavour Silver by 50.1% during the 4th quarter. Condire Management LP now owns 4,503,543 shares of the mining company’s stock valued at $42,333,000 after purchasing an additional 1,503,543 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after acquiring an additional 2,374,365 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.