Endeavour Silver (NYSE:EXK) Price Target Raised to $7.25

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target upped by HC Wainwright from $6.00 to $7.25 in a research report released on Wednesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the mining company’s stock. HC Wainwright also issued estimates for Endeavour Silver’s FY2025 earnings at $0.16 EPS.

Several other research firms also recently issued reports on EXK. CIBC boosted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Alliance Global Partners raised their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Trading Down 3.1 %

Shares of Endeavour Silver stock traded down $0.15 during trading hours on Wednesday, hitting $4.65. 5,342,503 shares of the company’s stock traded hands, compared to its average volume of 5,993,857. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67. The company has a quick ratio of 1.65, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $4.20 and a 200-day simple moving average of $3.81.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm 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 was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) earnings per share. As a group, research analysts predict that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after purchasing an additional 658,215 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Endeavour Silver by 60.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares during the period. Tidal Investments LLC bought a new position in shares of Endeavour Silver during the first quarter valued at approximately $19,008,000. TD Asset Management Inc bought a new stake in shares of Endeavour Silver during the 2nd quarter valued at about $9,452,000. Finally, National Bank of Canada FI grew its holdings in shares of Endeavour Silver by 5,735.0% during the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after acquiring an additional 431,274 shares during the period. 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.