Brokerages Set Endeavour Silver Corp (EXK) PT at $6.25
Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.25.
Several equities analysts have weighed in on EXK shares. Zacks Investment Research downgraded Endeavour Silver Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th. Canaccord Genuity reissued a “hold” rating on shares of Endeavour Silver Corp in a research report on Monday, January 9th. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Endeavour Silver Corp in a research report on Thursday, April 6th. National Bank Financial reissued a “sec perform spec market wgt” rating on shares of Endeavour Silver Corp in a research report on Thursday, March 2nd. Finally, BMO Capital Markets raised Endeavour Silver Corp from an “underperform” rating to a “market perform” rating and set a $5.00 price target for the company in a research report on Tuesday, April 4th.
Shares of Endeavour Silver Corp (NYSE:EXK) traded up 0.65% on Tuesday, reaching $3.11. The company’s stock had a trading volume of 2,179,823 shares. The stock has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.92. Endeavour Silver Corp has a 1-year low of $2.84 and a 1-year high of $5.95. The company has a market capitalization of $395.31 million, a price-to-earnings ratio of 103.67 and a beta of -0.09.
Endeavour Silver Corp (NYSE:EXK) last issued its quarterly earnings data on Thursday, March 2nd. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.05. The firm had revenue of $28.70 million for the quarter, compared to analyst estimates of $32.44 million. Endeavour Silver Corp had a positive return on equity of 7.83% and a negative net margin of 74.40%. On average, equities research analysts forecast that Endeavour Silver Corp will post $0.05 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Endeavour Silver Corp by 7.9% in the fourth quarter. Renaissance Technologies LLC now owns 5,447,300 shares of the mining company’s stock worth $19,174,000 after buying an additional 401,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endeavour Silver Corp by 2.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,126,349 shares of the mining company’s stock worth $21,099,000 after buying an additional 96,675 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of Endeavour Silver Corp during the third quarter worth $4,516,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Endeavour Silver Corp during the fourth quarter worth $2,398,000. Finally, Sprott Inc. boosted its position in shares of Endeavour Silver Corp by 69.5% in the third quarter. Sprott Inc. now owns 632,076 shares of the mining company’s stock worth $3,243,000 after buying an additional 259,066 shares during the last quarter. Hedge funds and other institutional investors own 32.85% of the company’s stock.
About Endeavour Silver Corp
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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