Endeavour Silver’s (EXK) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note released on Monday morning,Benzinga reports. The brokerage currently has a $7.25 target price on the mining company’s stock.

Other equities research analysts have also issued reports about the stock. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Alliance Global Partners increased their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating for the company. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Down 0.5 %

Endeavour Silver stock opened at $4.28 on Monday. The firm has a 50 day moving average of $4.58 and a 200 day moving average of $3.99. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -32.92 and a beta of 1.62. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Endeavour Silver during the 3rd quarter valued at approximately $80,000. Barclays PLC boosted its position in shares of Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after acquiring an additional 51,901 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after acquiring an additional 10,543 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Endeavour Silver in the third quarter worth $261,000. Finally, National Bank of Canada FI lifted its position in Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after buying an additional 15,075 shares during the last quarter. 20.06% of the stock is currently 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.