Endeavour Silver Corporation (NYSE:EXK) Receives $8.33 Average PT from Analysts

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $8.3333.

EXK has been the topic of several recent research reports. HC Wainwright increased their price target on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. CIBC raised their target price on Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a research report on Thursday, June 12th. Finally, Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Friday, May 23rd.

Endeavour Silver Trading Down 0.1%

Endeavour Silver stock opened at $5.89 on Monday. The business has a 50-day simple moving average of $5.61 and a two-hundred day simple moving average of $4.59. The company has a market cap of $1.72 billion, a P/E ratio of -21.80 and a beta of 1.30. Endeavour Silver has a 52-week low of $2.91 and a 52-week high of $6.74. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. Analysts predict that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in Endeavour Silver during the 2nd quarter worth approximately $29,000. Total Investment Management Inc. purchased a new stake in shares of Endeavour Silver in the second quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Endeavour Silver during the 4th quarter valued at $43,000. Hohimer Wealth Management LLC raised its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock valued at $56,000 after purchasing an additional 2,915 shares during the period. Finally, Centric Wealth Management purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at $60,000. 20.06% of the stock is owned by hedge funds and other 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.