Endeavour Silver Corporation (NYSE:EXK) Receives Consensus Recommendation of “Buy” from Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been assigned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.3333.

EXK has been the subject of a number of recent analyst reports. National Bank Financial raised shares of Endeavour Silver to a “strong-buy” rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. CIBC increased their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th.

Endeavour Silver Stock Performance

NYSE EXK opened at $5.4050 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.57 billion, a P/E ratio of -20.02 and a beta of 1.23. Endeavour Silver has a 12-month low of $2.76 and a 12-month high of $6.04. The firm has a 50-day moving average price of $5.26 and a two-hundred day moving average price of $4.38.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. Analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several large investors have recently modified their holdings of EXK. LPL Financial LLC increased its position in shares of Endeavour Silver by 1.0% during the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company’s stock worth $1,034,000 after buying an additional 2,661 shares during the period. Invesco Ltd. grew its holdings in Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock worth $7,747,000 after purchasing an additional 1,780,405 shares during the period. Renaissance Technologies LLC grew its holdings in Endeavour Silver by 82.4% in the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company’s stock worth $677,000 after purchasing an additional 83,600 shares during the period. Raymond James Financial Inc. acquired a new stake in Endeavour Silver in the fourth quarter worth $321,000. Finally, XTX Topco Ltd acquired a new stake in Endeavour Silver in the fourth quarter worth $401,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.