Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) has earned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $6.00.

EXK has been the subject of a number of recent research reports. Zacks Investment Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 25th. Noble Financial set a $5.00 target price on Endeavour Silver and gave the company a “buy” rating in a research note on Friday, August 3rd. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Endeavour Silver in a research note on Friday, August 3rd. TheStreet cut Endeavour Silver from a “c” rating to a “d+” rating in a research note on Monday, August 27th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Endeavour Silver in a research note on Thursday, November 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its holdings in Endeavour Silver by 79.8% in the first quarter. Guggenheim Capital LLC now owns 493,373 shares of the mining company’s stock worth $1,199,000 after acquiring an additional 218,954 shares in the last quarter. Millennium Management LLC increased its position in Endeavour Silver by 37.8% in the first quarter. Millennium Management LLC now owns 778,969 shares of the mining company’s stock worth $1,893,000 after buying an additional 213,621 shares in the last quarter. Sigma Planning Corp grew its position in shares of Endeavour Silver by 44.4% during the second quarter. Sigma Planning Corp now owns 94,906 shares of the mining company’s stock worth $296,000 after purchasing an additional 29,178 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Endeavour Silver by 156.9% during the second quarter. Alps Advisors Inc. now owns 717,708 shares of the mining company’s stock worth $2,239,000 after purchasing an additional 438,318 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Endeavour Silver by 2.8% during the second quarter. Van ECK Associates Corp now owns 10,401,422 shares of the mining company’s stock worth $32,452,000 after purchasing an additional 283,099 shares in the last quarter. Institutional investors own 18.66% of the company’s stock.

NYSE EXK traded up $0.03 during trading hours on Friday, hitting $2.01. The company had a trading volume of 36,143 shares, compared to its average volume of 828,755. Endeavour Silver has a 52 week low of $1.79 and a 52 week high of $3.35. The company has a market cap of $232.06 million, a P/E ratio of 25.13 and a beta of 0.08.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, October 31st. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Endeavour Silver had a negative return on equity of 2.44% and a negative net margin of 3.86%. The company had revenue of $37.58 million during the quarter, compared to the consensus estimate of $38.74 million. On average, equities research analysts predict that Endeavour Silver will post -0.05 EPS for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.

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