Endeavour Silver Corp. (NYSE:EXK) Receives Average Rating of “Buy” from Analysts

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.63.

EXK has been the topic of several analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Raymond James assumed coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating on the stock. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. HC Wainwright reissued a “buy” rating and set a $7.25 price objective on shares of Endeavour Silver in a research report on Thursday, April 10th. Finally, TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th.

Endeavour Silver Stock Down 4.7 %

EXK stock opened at $3.79 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of -29.12 and a beta of 1.47. Endeavour Silver has a 1 year low of $2.42 and a 1 year high of $5.67. The company has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $4.15. 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 announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Sell-side analysts anticipate that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $36,000. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver during the fourth quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Endeavour Silver during the fourth quarter valued at approximately $43,000. Farringdon Capital Ltd. bought a new stake in shares of Endeavour Silver in the 4th quarter valued at approximately $55,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $57,000. Institutional investors own 20.06% of the company’s stock.

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.