Zacks Investment Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “

Several other research analysts have also commented on the company. HC Wainwright set a $7.00 price target on Armata Pharmaceuticals and gave the stock a buy rating in a report on Thursday, May 23rd. BMO Capital Markets restated a hold rating on shares of Endeavour Silver in a report on Friday, April 12th. Finally, Noble Financial restated a hold rating on shares of Endeavour Silver in a report on Sunday, June 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $2.81.

Shares of NYSE EXK opened at $1.75 on Wednesday. The firm has a market cap of $238.92 million, a PE ratio of -19.44 and a beta of 0.18. Endeavour Silver has a 12 month low of $1.68 and a 12 month high of $3.00. The stock’s 50 day moving average price is $1.90. The company has a quick ratio of 2.57, a current ratio of 3.31 and a debt-to-equity ratio of 0.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Monday, May 6th. The mining company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. The firm had revenue of $29.10 million for the quarter, compared to analyst estimates of $32.66 million. On average, equities analysts forecast that Endeavour Silver will post -0.1 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC acquired a new position in shares of Endeavour Silver during the fourth quarter worth about $1,977,000. ETF Managers Group LLC lifted its stake in Endeavour Silver by 8.8% during the first quarter. ETF Managers Group LLC now owns 663,918 shares of the mining company’s stock worth $1,673,000 after purchasing an additional 53,560 shares during the last quarter. Ancora Advisors LLC lifted its stake in Endeavour Silver by 2.4% during the fourth quarter. Ancora Advisors LLC now owns 385,687 shares of the mining company’s stock worth $829,000 after purchasing an additional 9,210 shares during the last quarter. Sigma Planning Corp lifted its stake in Endeavour Silver by 334.4% during the first quarter. Sigma Planning Corp now owns 377,069 shares of the mining company’s stock worth $950,000 after purchasing an additional 290,261 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Endeavour Silver by 6.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 319,282 shares of the mining company’s stock worth $805,000 after purchasing an additional 19,400 shares during the last quarter. 19.04% of the stock is owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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