Endeavour Silver (NYSE:EXK) Research Coverage Started at B. Riley Financial

B. Riley Financial initiated coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $14.00 price objective on the mining company’s stock.

Several other analysts have also issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, HC Wainwright restated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Stock Up 7.9%

Endeavour Silver stock opened at $8.98 on Monday. The firm has a 50 day moving average price of $8.30 and a 200-day moving average price of $9.87. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. Endeavour Silver has a twelve month low of $5.07 and a twelve month high of $15.15. The company has a market capitalization of $2.66 billion, a P/E ratio of 42.79 and a beta of 1.35.

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

Hedge Funds Weigh In On Endeavour Silver

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

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.