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

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

Several analysts have issued reports on EXK shares. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Friday, July 17th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. B. Riley Financial assumed coverage on Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 price target for the company. Finally, HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th.

Endeavour Silver Price Performance

NYSE:EXK opened at $10.63 on Monday. Endeavour Silver has a 52-week low of $5.52 and a 52-week high of $15.15. The company has a market cap of $3.15 billion, a P/E ratio of 50.62 and a beta of 1.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The stock’s 50-day simple moving average is $8.66 and its 200 day simple moving average is $9.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. As a group, sell-side analysts forecast that Endeavour Silver will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted 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 valued at $29,000 after purchasing an additional 2,418 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth about $200,000. GTS Securities LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth about $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth about $1,218,000. Finally, Empowered Funds LLC acquired a new position in Endeavour Silver in the 2nd quarter valued at about $631,000. Institutional investors own 20.06% of the company’s stock.

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.