Endeavour Silver Corporation (NYSE:EXK) Receives Average Recommendation of “Moderate Buy” from Analysts

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $14.50.

A number of equities research analysts have recently weighed in on EXK shares. B. Riley Financial started coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price target for the company. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th.

Endeavour Silver Trading Up 0.1%

Shares of Endeavour Silver stock opened at $10.63 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The firm has a 50-day moving average of $8.66 and a 200-day moving average of $9.67. Endeavour Silver has a 52-week low of $5.52 and a 52-week high of $15.15. The stock has a market cap of $3.15 billion, a PE ratio of 50.62 and a beta of 1.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. The firm had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. As a group, sell-side analysts forecast that Endeavour Silver will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Endeavour Silver in the 1st quarter valued at $1,774,000. Bank of America Corp DE raised its holdings in shares of Endeavour Silver by 85.4% during the 1st quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company’s stock worth $25,198,000 after buying an additional 1,246,554 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Endeavour Silver by 18,554.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock worth $17,715,000 after buying an additional 1,892,600 shares in the last quarter. Groupe la Francaise lifted its position in shares of Endeavour Silver by 44.3% during the 1st quarter. Groupe la Francaise now owns 866,000 shares of the mining company’s stock worth $8,054,000 after buying an additional 266,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Endeavour Silver by 121.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company’s stock worth $21,535,000 after buying an additional 1,268,035 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

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.