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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.63.

Several equities analysts have recently commented on the company. Raymond James began coverage on Endeavour Silver in a research note on Friday, March 21st. They set an “outperform” rating on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. HC Wainwright reaffirmed a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research report on Thursday. Finally, TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th.

Endeavour Silver Trading Up 1.2 %

Endeavour Silver stock opened at $3.74 on Friday. Endeavour Silver has a 52 week low of $2.42 and a 52 week high of $5.67. The stock has a 50-day simple moving average of $4.05 and a 200 day simple moving average of $4.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock has a market capitalization of $979.78 million, a P/E ratio of -28.73 and a beta of 1.47.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data 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 negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Analysts expect that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Large investors have recently made changes to their positions in the company. Schroder Investment Management Group acquired a new position in Endeavour Silver during the fourth quarter worth about $36,000. Alpha Cubed Investments LLC acquired a new position in Endeavour Silver during the 4th quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Endeavour Silver during the 4th quarter worth approximately $43,000. Farringdon Capital Ltd. bought a new position in Endeavour Silver in the 4th quarter valued at approximately $55,000. Finally, Oxford Asset Management LLP acquired a new stake in Endeavour Silver in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds 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.