Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) has earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.00.

A number of research firms recently weighed in on EXK. Zacks Investment Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 4th. ValuEngine upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Noble Financial set a $5.00 price objective on Endeavour Silver and gave the company a “buy” rating in a report on Thursday, July 12th. HC Wainwright restated a “buy” rating and issued a $6.00 price objective on shares of Endeavour Silver in a report on Friday, August 3rd. Finally, TheStreet downgraded Endeavour Silver from a “c” rating to a “d+” rating in a report on Monday, August 27th.

Shares of NYSE:EXK traded up $0.01 during trading on Thursday, hitting $2.25. 33,836 shares of the company were exchanged, compared to its average volume of 616,283. The company has a market capitalization of $295.40 million, a PE ratio of 28.13 and a beta of -0.27. Endeavour Silver has a 1-year low of $1.94 and a 1-year high of $3.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Thursday, August 2nd. The mining company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.05). The company had revenue of $38.77 million during the quarter, compared to analyst estimates of $40.70 million. Endeavour Silver had a net margin of 0.21% and a return on equity of 0.23%. sell-side analysts expect that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp increased its holdings in Endeavour Silver by 44.4% in the second quarter. Sigma Planning Corp now owns 94,906 shares of the mining company’s stock valued at $296,000 after purchasing an additional 29,178 shares during the period. Millennium Management LLC increased its holdings in Endeavour Silver by 37.8% in the first quarter. Millennium Management LLC now owns 778,969 shares of the mining company’s stock valued at $1,893,000 after purchasing an additional 213,621 shares during the period. Van ECK Associates Corp increased its holdings in Endeavour Silver by 2.8% in the second quarter. Van ECK Associates Corp now owns 10,401,422 shares of the mining company’s stock valued at $32,452,000 after purchasing an additional 283,099 shares during the period. Guggenheim Capital LLC increased 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 valued at $1,199,000 after purchasing an additional 218,954 shares during the period. Finally, LPL Financial LLC boosted its position in Endeavour Silver by 6.9% during the first quarter. LPL Financial LLC now owns 334,472 shares of the mining company’s stock valued at $813,000 after acquiring an additional 21,544 shares during the last quarter. Institutional investors and hedge funds own 19.09% of the company’s stock.

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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