HC Wainwright Lowers Endeavour Silver (NYSE:EXK) Price Target to $6.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective decreased by stock analysts at HC Wainwright from $6.25 to $6.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s target price would indicate a potential upside of 37.46% from the company’s previous close.

Several other research firms have also recently weighed in on EXK. CIBC raised their price objective on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. BMO Capital Markets started coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective for the company. Finally, Alliance Global Partners raised their price objective on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus target price of $6.06.

Endeavour Silver Trading Up 3.2 %

Shares of Endeavour Silver stock opened at $4.37 on Wednesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -218.25 and a beta of 1.71. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $3.46. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $62.01 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. Research analysts expect that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds have recently bought and sold shares of EXK. MCIA Inc acquired a new stake in shares of Endeavour Silver in the first quarter valued at approximately $34,000. Van ECK Associates Corp raised its holdings in shares of Endeavour Silver by 12.9% in the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after purchasing an additional 1,237,440 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after purchasing an additional 188,787 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares during the last quarter. 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.