Endeavour Silver Corporation (NYSE:EXK) Stock Has Average Target Price of $14.50 According to Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.50.

Several equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce downgraded shares of Endeavour Silver from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 22nd. Citigroup cut shares of Endeavour Silver to a “market perform” rating in a research report on Friday, October 9th. HC Wainwright reissued a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a research report on Friday, October 9th. Wall Street Zen downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, B. Riley Financial assumed coverage on Endeavour Silver in a research report on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its holdings in Endeavour Silver by 223.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock worth $29,000 after purchasing an additional 2,418 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Endeavour Silver in the 2nd quarter valued at about $29,000. Harbor Investment Advisory LLC raised its position in Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after purchasing an additional 2,500 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Endeavour Silver in the 3rd quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Endeavour Silver by 490.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,529 shares of the mining company’s stock valued at $52,000 after buying an additional 4,593 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Stock Up 0.2%

Shares of NYSE:EXK opened at $8.26 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The firm has a market capitalization of $2.45 billion, a PE ratio of 22.27 and a beta of 1.41. The firm’s 50-day moving average is $9.83 and its two-hundred day moving average is $9.25. Endeavour Silver has a 1 year low of $6.60 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. The business had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $210.79 million. Analysts predict that Endeavour Silver will post 0.68 EPS for the current year.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company produces silver and gold concentrates and related mineral products from underground mining and milling operations.

Endeavour Silver’s operations and mineral projects are located primarily in Mexico. Its principal assets have included the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato, along with the Terronera project in Jalisco.