Endeavour Silver (NYSE:EXK) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a hold rating to a buy rating in a report published on Saturday.

Other equities research analysts have also issued research reports about the stock. iA Financial set a $11.00 price target on shares of Endeavour Silver in a report on Friday, January 9th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday. B. Riley Financial upped their price objective on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Stock Down 1.0%

EXK stock opened at $10.05 on Friday. Endeavour Silver has a 52-week low of $3.14 and a 52-week high of $15.15. The company’s 50 day simple moving average is $10.09 and its 200-day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.30. The firm has a market capitalization of $2.97 billion, a P/E ratio of -125.56 and a beta of 1.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. As a group, equities research analysts anticipate that Endeavour Silver will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. acquired a new position in Endeavour Silver in the 3rd quarter valued at approximately $9,514,000. Y Intercept Hong Kong Ltd bought a new stake in Endeavour Silver in the third quarter worth approximately $3,052,000. Alps Advisors Inc. grew its position in Endeavour Silver by 113.9% in the third 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. Caprock Group LLC bought a new stake in Endeavour Silver in the third quarter worth approximately $1,098,000. Finally, Tudor Investment Corp ET AL bought a new stake in Endeavour Silver in the third quarter worth approximately $14,146,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.