Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ValuEngine reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday. Noble Financial reiterated a “hold” rating on shares of Endeavour Silver in a research note on Sunday, June 23rd. BMO Capital Markets reiterated a “hold” rating on shares of Endeavour Silver in a research note on Friday, April 12th. Finally, HC Wainwright set a $4.00 target price on shares of BioTime and gave the company a “buy” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.81.

NYSE:EXK traded up $0.16 during midday trading on Wednesday, reaching $2.19. The stock had a trading volume of 4,104,818 shares, compared to its average volume of 1,066,098. Endeavour Silver has a 1-year low of $1.68 and a 1-year high of $3.00. The business has a fifty day moving average price of $1.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.31 and a quick ratio of 2.57. The firm has a market capitalization of $244.20 million, a PE ratio of -24.33 and a beta of 0.18.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. grew its position in Endeavour Silver by 93.5% in the 4th quarter. Advisor Group Inc. now owns 16,832 shares of the mining company’s stock worth $36,000 after purchasing an additional 8,132 shares during the last quarter. Ancora Advisors LLC grew its position in Endeavour Silver by 2.4% in the 4th 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. Two Sigma Advisers LP grew its position in Endeavour Silver by 27.2% in the 4th quarter. Two Sigma Advisers LP now owns 76,200 shares of the mining company’s stock worth $164,000 after purchasing an additional 16,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Endeavour Silver by 6.5% in the 1st 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. Finally, Toronto Dominion Bank grew its position in Endeavour Silver by 164.5% in the 1st quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock worth $93,000 after purchasing an additional 23,126 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

Endeavour Silver Company Profile

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.

Read More: Retained Earnings

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