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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.50.

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. HC Wainwright reissued a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th.

Endeavour Silver Stock Performance

Shares of NYSE EXK opened at $7.84 on Wednesday. The company has a market capitalization of $2.32 billion, a PE ratio of -97.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. The company’s fifty day moving average price is $9.56 and its 200 day moving average price is $10.24. Endeavour Silver has a 1 year low of $4.53 and a 1 year high of $15.15.

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

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its position in Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after acquiring an additional 3,647 shares during the period. Signaturefd LLC acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $47,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Endeavour Silver during the first quarter worth about $55,000. Swiss Life Asset Management Ltd purchased a new stake in shares of Endeavour Silver during the third quarter worth about $92,000. Finally, Greenberg Financial Group acquired a new position in shares of Endeavour Silver during the 4th quarter worth about $94,000. 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.