Endeavour Silver (NYSE:EXK) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a sell rating in a research note issued to investors on Wednesday morning.

Several other analysts have also recently commented on the stock. Alliance Global Partners upped their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. HC Wainwright boosted their target price on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday. Finally, CIBC increased their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Endeavour Silver currently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Price Performance

EXK stock traded down $0.15 during mid-day trading on Wednesday, reaching $4.65. The company had a trading volume of 5,342,503 shares, compared to its average volume of 5,993,857. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The firm has a fifty day simple moving average of $4.20 and a 200 day simple moving average of $3.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.65.

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, topping 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 company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently made changes to their positions in EXK. Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver in the 2nd quarter worth about $42,000. Baader Bank Aktiengesellschaft acquired a new position in Endeavour Silver during the second quarter valued at approximately $42,000. SG Americas Securities LLC lifted its position in shares of Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares in the last quarter. Oxbow Advisors LLC bought a new position in shares of Endeavour Silver in the second quarter valued at about $51,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Endeavour Silver in the second quarter valued at about $55,000. 20.06% of the stock is 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.