Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by research analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a report issued on Monday. The brokerage presently has a $3.00 price target on the mining company’s stock. Noble Financial’s target price indicates a potential upside of 35.14% from the company’s current price.

Several other analysts also recently issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $3.25 target price on shares of Endeavour Silver in a research note on Friday. Zacks Investment Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Roth Capital began coverage on shares of Endeavour Silver in a research note on Tuesday, December 11th. They set a “buy” rating and a $2.50 target price on the stock. ValuEngine raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Endeavour Silver in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $2.92.

NYSE:EXK traded up $0.02 during trading hours on Monday, hitting $2.22. 7,200 shares of the stock traded hands, compared to its average volume of 788,114. Endeavour Silver has a fifty-two week low of $1.76 and a fifty-two week high of $3.35. The company has a market cap of $296.36 million, a P/E ratio of 27.75 and a beta of -0.16.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Wednesday, October 31st. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Endeavour Silver had a negative net margin of 3.86% and a negative return on equity of 2.44%. The firm had revenue of $37.58 million for the quarter, compared to analyst estimates of $38.74 million. Analysts expect that Endeavour Silver will post -0.06 EPS for the current year.

Large investors have recently made changes to their positions in the business. Raymond James & Associates acquired a new position in shares of Endeavour Silver in the second quarter worth $406,000. Global X Management Co LLC increased its stake in shares of Endeavour Silver by 5.2% in the second quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock worth $5,984,000 after acquiring an additional 94,233 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Endeavour Silver in the third quarter worth $4,459,000. Renaissance Technologies LLC increased its stake in shares of Endeavour Silver by 9.4% in the third quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock worth $10,219,000 after acquiring an additional 380,525 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Endeavour Silver by 81.9% in the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock worth $162,000 after acquiring an additional 31,651 shares during the last quarter. 19.45% of the stock is currently owned by institutional investors.

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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