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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.50.

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

Endeavour Silver Price Performance

Shares of EXK stock opened at $8.23 on Friday. The stock has a 50 day moving average price of $9.00 and a 200 day moving average price of $10.17. Endeavour Silver has a 52-week low of $4.91 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. The firm has a market capitalization of $2.44 billion, a P/E ratio of -102.81 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $200.41 million. As a group, sell-side analysts predict that Endeavour Silver will post 0.63 earnings per share for the current year.

Institutional Trading of Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in EXK. Harbor Investment Advisory LLC lifted its position in shares of Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after acquiring an additional 3,647 shares in the last quarter. Signaturefd LLC acquired a new position in Endeavour Silver during the 4th quarter valued at approximately $47,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Endeavour Silver in the first quarter worth $55,000. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of Endeavour Silver during the third quarter worth $92,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.