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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has earned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.56.

EXK has been the subject of several recent research reports. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright decreased their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, February 12th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company.

Endeavour Silver Price Performance

EXK stock opened at $3.96 on Thursday. The company has a 50 day simple moving average of $3.79 and a 200 day simple moving average of $3.93. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -30.42 and a beta of 1.63. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Institutional Investors Weigh In On Endeavour Silver

Several large investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after buying an additional 658,215 shares during the period. Tidal Investments LLC increased its position in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after buying an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Endeavour Silver by 0.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock worth $39,545,000 after acquiring an additional 99,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after acquiring an additional 3,581,936 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Endeavour Silver by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock worth $21,748,000 after acquiring an additional 288,166 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.