Endeavour Silver (NYSE:EXK) Given “Buy” Rating at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They currently have a $7.25 target price on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 68.80% from the stock’s previous close.

A number of other brokerages also recently commented on EXK. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. TD Securities initiated 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 shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Alliance Global Partners boosted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Up 5.0 %

Shares of NYSE EXK opened at $4.30 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -33.04 and a beta of 1.62. The stock has a 50 day moving average price of $4.58 and a 200 day moving average price of $3.99. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67.

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

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its position in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after acquiring an additional 6,800 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $42,000. Oak Family Advisors LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $55,000. Ameritas Advisory Services LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $83,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Endeavour Silver by 44,584.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,897 shares of the mining company’s stock valued at $151,000 after acquiring an additional 42,801 shares during the period. 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.