Endeavour Silver’s (EXK) Buy Rating Reiterated at HC Wainwright
HC Wainwright reissued their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a report published on Friday. HC Wainwright currently has a $3.25 target price on the mining company’s stock.
“Valuation for Guanaceví 102,977 $ HCW estimate Valuation for Bolañitos 115,471 $ HCW estimate Valuation for El Cubo 15,531 $ HCW estimate Valuation for El Compas 5,531 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”,” HC Wainwright’s analyst wrote.
Several other analysts also recently issued reports on EXK. Zacks Investment Research downgraded shares of Endeavour Silver from a hold rating to a strong sell rating in a research note on Tuesday, September 25th. Noble Financial downgraded shares of Endeavour Silver from an outperform rating to a hold rating in a research note on Thursday, November 1st. BMO Capital Markets reissued a hold rating on shares of Endeavour Silver in a research note on Thursday, November 1st. Roth Capital began coverage on shares of Endeavour Silver in a research note on Tuesday, December 11th. They issued a buy rating and a $2.50 price objective for the company. Finally, ValuEngine raised shares of Endeavour Silver from a sell rating to a hold rating in a research note on Friday, December 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Endeavour Silver presently has a consensus rating of Hold and a consensus target price of $3.25.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, October 31st. The mining company reported ($0.04) EPS for the quarter, missing the Zacks’ 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 business had revenue of $37.58 million during the quarter, compared to the consensus estimate of $38.74 million. On average, research analysts expect that Endeavour Silver will post -0.06 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in Endeavour Silver by 9.4% during the third quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock valued at $10,219,000 after buying an additional 380,525 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Endeavour Silver during the third quarter valued at approximately $4,459,000. Global X Management Co LLC increased its holdings in Endeavour Silver by 5.2% during the second quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock valued at $5,984,000 after buying an additional 94,233 shares during the period. Morgan Stanley increased its holdings in Endeavour Silver by 33.7% during the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock valued at $3,990,000 after buying an additional 435,827 shares during the period. Finally, Raymond James & Associates purchased a new position in Endeavour Silver during the second quarter valued at approximately $406,000. 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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