Endeavour Silver Corp. (NYSE:EXK) Given Average Rating of “Buy” by Brokerages

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have earned an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.63.

Several equities analysts recently commented on EXK shares. Alliance Global Partners increased their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. HC Wainwright restated a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EXK. TD Asset Management Inc purchased a new stake in shares of Endeavour Silver in the second quarter worth about $9,452,000. Van ECK Associates Corp grew its position in shares of Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Endeavour Silver by 5,735.0% in the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after purchasing an additional 431,274 shares during the period. U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver in the third quarter worth $1,382,000. Finally, Quest Partners LLC bought a new stake in Endeavour Silver during the third quarter valued at $964,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 2.8 %

NYSE EXK opened at $3.66 on Wednesday. The business’s fifty day moving average is $4.39 and its 200-day moving average is $4.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market capitalization of $960.09 million, a price-to-earnings ratio of -28.15 and a beta of 1.62. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67.

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

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.