HC Wainwright Issues Pessimistic Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target lowered by HC Wainwright from $7.25 to $7.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target indicates a potential upside of 97.74% from the stock’s previous close.

Several other research firms have also recently weighed in on EXK. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. TD Securities started coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating on the stock. Finally, Alliance Global Partners upped their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Trading Down 9.5 %

Shares of EXK stock opened at $3.54 on Friday. The business’s 50 day moving average is $4.17 and its two-hundred day moving average is $4.01. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67. The company has a market cap of $928.62 million, a PE ratio of -27.23 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same quarter last year, the firm posted ($0.04) EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Endeavour Silver will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the period. Virtu Financial LLC acquired a new stake in shares of Endeavour Silver during the 3rd quarter valued at about $80,000. Rathbones Group PLC increased its stake in Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after acquiring an additional 8,500 shares during the period. Quantbot Technologies LP acquired a new position in Endeavour Silver in the third quarter worth about $100,000. Finally, Walleye Capital LLC acquired a new stake in Endeavour Silver during the third quarter valued at approximately $111,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

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.