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

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

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

Endeavour Silver Price Performance

Endeavour Silver stock opened at $3.68 on Tuesday. The stock has a market capitalization of $965.34 million, a price-to-earnings ratio of -28.31 and a beta of 1.62. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The stock’s 50 day moving average price is $4.52 and its two-hundred day moving average price is $4.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its 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. The company had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the business posted ($0.04) EPS. On average, equities analysts predict that Endeavour Silver will post -0.08 earnings per share for the current year.

Institutional Trading of Endeavour Silver

A number of large investors have recently added to or reduced their stakes in EXK. Blue Trust Inc. raised its holdings in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares during the period. Rathbones Group PLC grew its stake in shares of Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after acquiring an additional 8,500 shares during the period. Geode Capital Management LLC increased its holdings in Endeavour Silver by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after acquiring an additional 10,543 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver in the 2nd quarter worth about $42,000. Finally, Oxbow Advisors LLC bought a new stake in Endeavour Silver in the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.