Endeavour Silver Corp. (NYSE:EXK) Receives $6.56 Average PT from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.56.

Several research analysts have issued reports on EXK shares. TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating on the stock. StockNews.com raised Endeavour Silver to a “sell” rating in a report on Wednesday, February 12th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, HC Wainwright cut their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th.

Endeavour Silver Stock Down 8.0 %

Shares of NYSE EXK opened at $3.84 on Thursday. The stock has a market cap of $1.01 billion, a PE ratio of -29.50 and a beta of 1.63. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The business has a 50-day moving average price of $3.79 and a 200 day moving average price of $3.94. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EXK. Quest Partners LLC purchased a new position in Endeavour Silver in the 3rd quarter valued at approximately $964,000. Van ECK Associates Corp increased its stake in shares of Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after purchasing an additional 658,215 shares in the last quarter. Barclays PLC increased its stake 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 worth $205,000 after purchasing an additional 51,901 shares in the last quarter. Geode Capital Management LLC increased its position in Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after buying an additional 10,543 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in Endeavour Silver by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after buying an additional 19,200 shares in the last quarter. 20.06% of the stock is owned by hedge funds and other 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.