Endeavour Silver Corporation (NYSE:EXK) Given Average Rating of “Moderate Buy” by Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.50.

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after purchasing an additional 3,647 shares during the period. Signaturefd LLC acquired a new position in shares of Endeavour Silver in the 4th quarter valued at about $47,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Endeavour Silver in the first quarter worth about $55,000. Greenberg Financial Group purchased a new stake in shares of Endeavour Silver in the fourth quarter worth about $94,000. Finally, Renaissance Technologies LLC acquired a new stake in Endeavour Silver during the fourth quarter worth about $96,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

NYSE EXK opened at $7.84 on Wednesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -97.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. The stock’s fifty day moving average price is $9.56 and its 200 day moving average price is $10.24. Endeavour Silver has a 1 year low of $4.53 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. As a group, equities research analysts forecast that Endeavour Silver will post 0.63 earnings per share for the current year.

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.