Endeavour Silver (NYSE:EXK) Stock Rating Upgraded by TD Securities

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at TD Securities to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. HC Wainwright reduced their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Trading Up 24.3 %

NYSE EXK opened at $4.53 on Monday. The stock’s 50-day simple moving average is $3.82 and its two-hundred day simple moving average is $4.02. Endeavour Silver has a twelve month low of $2.02 and a twelve month high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -34.81 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Research analysts forecast that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds have recently made changes to their positions in EXK. Tidal Investments LLC boosted its position in shares of Endeavour Silver by 52.9% in the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after purchasing an additional 3,581,936 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Endeavour Silver in the 4th quarter worth approximately $7,930,000. American Century Companies Inc. lifted its position in Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after acquiring an additional 1,937,150 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Endeavour Silver by 529.5% in the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after acquiring an additional 1,780,405 shares in the last quarter. 20.06% of the stock is owned by institutional investors.

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.