Endeavour Silver (NYSE:EXK) Research Coverage Started at Raymond James

Raymond James assumed coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage issued an outperform rating on the mining company’s stock.

Other equities analysts also recently issued research reports about the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. HC Wainwright boosted their price target on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $4.65 on Friday. Endeavour Silver has a 12 month low of $2.12 and a 12 month high of $5.67. The stock’s 50 day moving average is $3.98 and its 200-day moving average is $4.11. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -35.73 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating the consensus estimate 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 company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Equities research analysts expect that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in Endeavour Silver by 1,730,033.3% during the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after purchasing an additional 51,901 shares during the last quarter. Sprott Inc. lifted its stake in Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock worth $5,809,000 after purchasing an additional 298,091 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 10,543 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Endeavour Silver during the fourth quarter worth $119,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Endeavour Silver during the fourth quarter worth $203,000. 20.06% of the stock is currently owned by institutional investors.

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.