Endeavour Silver Corp. (NYSE:EXK) Receives $6.06 Consensus Price Target from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.31.

Several research firms have issued reports on EXK. Alliance Global Partners upped their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday. CIBC raised their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, HC Wainwright decreased their price objective on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Institutional Inflows and Outflows

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

Endeavour Silver Price Performance

NYSE EXK opened at $5.49 on Friday. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.64. The firm has a market capitalization of $1.35 billion, a PE ratio of -274.50 and a beta of 1.71. The company’s 50 day simple moving average is $3.70 and its 200 day simple moving average is $3.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued 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 for the quarter, compared to analyst estimates of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. As a group, equities research analysts forecast that Endeavour Silver will post 0.04 EPS for the current fiscal year.

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.