Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $2.75.

A number of equities research analysts have recently issued reports on EXK shares. HC Wainwright set a $3.00 price target on Endeavour Silver and gave the company a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Noble Financial restated a “buy” rating and issued a $3.00 price target on shares of Endeavour Silver in a research report on Tuesday, April 16th. Finally, BMO Capital Markets restated a “hold” rating on shares of Endeavour Silver in a research report on Friday, April 12th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in Endeavour Silver by 11.0% in the first quarter. Renaissance Technologies LLC now owns 5,645,225 shares of the mining company’s stock valued at $14,226,000 after acquiring an additional 558,900 shares during the last quarter. Swiss National Bank lifted its holdings in Endeavour Silver by 5.8% in the first quarter. Swiss National Bank now owns 235,000 shares of the mining company’s stock valued at $593,000 after acquiring an additional 12,900 shares during the last quarter. Advisor Group Inc. lifted its holdings in Endeavour Silver by 64.3% in the first quarter. Advisor Group Inc. now owns 27,651 shares of the mining company’s stock valued at $70,000 after acquiring an additional 10,819 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Endeavour Silver by 6.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 319,282 shares of the mining company’s stock valued at $805,000 after acquiring an additional 19,400 shares during the last quarter. Finally, ETF Managers Group LLC lifted its holdings in Endeavour Silver by 8.8% in the first quarter. ETF Managers Group LLC now owns 663,918 shares of the mining company’s stock valued at $1,673,000 after acquiring an additional 53,560 shares during the last quarter. Hedge funds and other institutional investors own 19.74% of the company’s stock.

EXK stock opened at $1.86 on Friday. The company has a quick ratio of 2.57, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $256.37 million, a PE ratio of -20.67 and a beta of -0.11. Endeavour Silver has a 1 year low of $1.76 and a 1 year high of $3.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly 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). The company had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $32.66 million. Endeavour Silver had a negative net margin of 20.16% and a negative return on equity of 16.79%. Equities research analysts predict that Endeavour Silver will post -0.08 EPS for the current fiscal year.

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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