Endeavour Silver Corporation (NYSE:EXK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.50.

Several research analysts have recently weighed in on EXK shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. HC Wainwright restated a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Endeavour Silver Stock Up 3.8%

EXK stock opened at $9.36 on Friday. Endeavour Silver has a 1-year low of $3.37 and a 1-year high of $15.15. The business has a fifty day moving average price of $9.68 and a 200-day moving average price of $10.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. The stock has a market capitalization of $2.77 billion, a P/E ratio of -116.92 and a beta of 1.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. Equities analysts forecast that Endeavour Silver will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds have recently bought and sold shares of EXK. Millennium Management LLC increased its position in Endeavour Silver by 13.3% during the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock valued at $10,483,000 after acquiring an additional 289,096 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Endeavour Silver during the first quarter valued at $100,000. Goldman Sachs Group Inc. increased its position in Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after acquiring an additional 747,556 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Endeavour Silver by 162.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after acquiring an additional 326,508 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Endeavour Silver by 3.8% during the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock valued at $714,000 after acquiring an additional 5,303 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.