Endeavour Silver (NYSE:EXK) Given New $6.25 Price Target at Alliance Global Partners

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price hoisted by Alliance Global Partners from $5.25 to $6.25 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the mining company’s stock.

A number of other equities analysts have also commented on the stock. HC Wainwright lowered their price target on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. CIBC raised their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.31.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $5.46 on Tuesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -273.00 and a beta of 1.71. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.64. The stock’s 50 day moving average is $3.80 and its 200-day moving average is $3.63.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $58.30 million during the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. Equities research analysts expect that Endeavour Silver will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its position in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after buying an additional 6,800 shares in the last quarter. SG Americas Securities LLC increased its stake in Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after acquiring an additional 7,852 shares during the last quarter. Blue Trust Inc. raised its position in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after purchasing an additional 8,389 shares in the last quarter. Rathbones Group PLC lifted its stake in Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Endeavour Silver in the 2nd quarter valued at $42,000. Institutional investors own 20.06% of the company’s stock.

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.