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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.56.

Several equities research analysts have recently weighed in on EXK shares. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. HC Wainwright reduced their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Alliance Global Partners lifted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after buying an additional 658,215 shares in the last quarter. National Bank of Canada FI grew its stake in Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after acquiring an additional 15,075 shares during the period. U S Global Investors Inc. bought a new stake in shares of Endeavour Silver during the third quarter valued at approximately $1,382,000. Quest Partners LLC acquired a new position in shares of Endeavour Silver during the third quarter worth approximately $964,000. Finally, American Century Companies Inc. bought a new position in shares of Endeavour Silver in the 2nd quarter worth $589,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Trading Up 2.4 %

EXK opened at $3.67 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The company’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $4.00. The firm has a market capitalization of $961.40 million, a price-to-earnings ratio of -28.19 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. As a group, research analysts predict that Endeavour Silver will post -0.07 earnings per share for the current year.

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.