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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has received an average rating of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.6667.

EXK has been the subject of several recent analyst reports. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. Natl Bk Canada upgraded Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Zacks Research cut shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in shares of Endeavour Silver during the 2nd quarter valued at $29,000. Total Investment Management Inc. purchased a new stake in Endeavour Silver during the second quarter valued at $41,000. Centric Wealth Management bought a new position in Endeavour Silver in the second quarter valued at about $60,000. Quarry LP bought a new position in Endeavour Silver in the first quarter valued at about $82,000. Finally, Andina Capital Management LLC purchased a new position in Endeavour Silver in the third quarter worth about $89,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Trading Up 0.3%

Shares of NYSE EXK opened at $9.92 on Wednesday. The firm’s 50 day moving average price is $8.47 and its 200-day moving average price is $6.83. Endeavour Silver has a 52-week low of $2.95 and a 52-week high of $10.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market cap of $2.93 billion, a PE ratio of -29.16 and a beta of 1.32.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The firm had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. On average, equities research analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

About Endeavour Silver

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.