Endeavour Silver (NYSE:EXK) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a buy rating to a hold rating in a report issued on Saturday morning.

EXK has been the subject of a number of other research reports. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Trading Down 1.0%

Shares of Endeavour Silver stock opened at $7.42 on Friday. Endeavour Silver has a 1 year low of $4.91 and a 1 year high of $15.15. The company’s fifty day simple moving average is $8.82 and its 200-day simple moving average is $10.08. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -92.68 and a beta of 1.33. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The firm had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. As a group, sell-side analysts expect that Endeavour Silver will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC boosted its stake in Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after buying an additional 2,500 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after acquiring an additional 3,647 shares in the last quarter. Signaturefd LLC bought a new position in shares of Endeavour Silver during the fourth quarter valued at $47,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Endeavour Silver during the first quarter valued at $55,000. Finally, Greenberg Financial Group bought a new position in shares of Endeavour Silver during the fourth quarter valued at $94,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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.