Analysts Set Endeavour Silver Corp. (NYSE:EXK) PT at $6.56

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $6.56.

Several analysts have recently issued reports on the stock. HC Wainwright lowered their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. TD Securities began coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. Alliance Global Partners raised their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EXK. Van ECK Associates Corp lifted its position in Endeavour Silver by 2.7% during the third 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 during the last quarter. National Bank of Canada FI lifted its holdings in shares of Endeavour Silver by 3.4% during the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after acquiring an additional 15,075 shares during the last quarter. U S Global Investors Inc. purchased a new position in Endeavour Silver in the third quarter worth $1,382,000. Quest Partners LLC bought a new position in Endeavour Silver in the third quarter valued at $964,000. Finally, American Century Companies Inc. purchased a new stake in Endeavour Silver during the second quarter valued at about $589,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $4.04 on Friday. The business’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $3.97. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -31.04 and a beta of 1.64. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Endeavour Silver will post -0.07 EPS for the current 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.