CIBC Boosts Endeavour Silver (NYSE:EXK) Price Target to $10.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target lifted by analysts at CIBC from $7.25 to $10.00 in a research report issued to clients and investors on Tuesday, July 15th, Marketbeat reports. The brokerage presently has a “neutral” rating on the mining company’s stock. CIBC’s price target indicates a potential upside of 74.67% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a research report on Thursday, June 12th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Raymond James Financial started coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating for the company. Finally, HC Wainwright upped their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Endeavour Silver presently has an average rating of “Buy” and a consensus price target of $8.33.

Endeavour Silver Price Performance

NYSE:EXK traded up $0.03 during trading hours on Tuesday, hitting $5.73. 8,638,630 shares of the stock were exchanged, compared to its average volume of 12,070,285. Endeavour Silver has a 52-week low of $2.46 and a 52-week high of $6.04. The firm’s fifty day moving average price is $4.71 and its 200 day moving average price is $4.15. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.66 billion, a P/E ratio of -22.02 and a beta of 1.50.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $83.10 million. As a group, equities research analysts anticipate that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its stake in Endeavour Silver by 3.0% during the second quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock worth $362,000 after purchasing an additional 2,129 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Endeavour Silver by 5.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock worth $203,000 after purchasing an additional 2,161 shares in the last quarter. LPL Financial LLC lifted its stake in Endeavour Silver by 1.0% during the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company’s stock worth $1,034,000 after purchasing an additional 2,661 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock worth $56,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in Endeavour Silver by 23.9% during the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company’s stock worth $113,000 after purchasing an additional 5,116 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.