Endeavour Silver (NYSE:EXK) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a sell rating in a research report report published on Tuesday.

A number of other equities research analysts have also recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, December 18th. TD Securities started coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Alliance Global Partners lifted their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Up 1.6 %

Shares of EXK opened at $3.74 on Tuesday. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67. The stock has a market cap of $981.08 million, a price-to-earnings ratio of -28.77 and a beta of 1.62. The company has a 50-day moving average price of $4.49 and a two-hundred day moving average price of $4.00. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Endeavour Silver will post -0.08 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC bought a new position in shares of Endeavour Silver in the 2nd quarter worth $42,000. Oxbow Advisors LLC bought a new position in Endeavour Silver during the second quarter worth about $51,000. Blue Trust Inc. grew its position in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Virtu Financial LLC bought a new stake in shares of Endeavour Silver in the 3rd quarter valued at about $80,000. Finally, Rathbones Group PLC raised its position in shares of Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after acquiring an additional 8,500 shares during the period. 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.