Analysts Set Endeavour Silver Corp. (NYSE:EXK) Price Target at $6.06

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.06.

Several equities research analysts have weighed in on EXK shares. CIBC lifted their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Alliance Global Partners raised their target price on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, HC Wainwright dropped their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. bought a new position in shares of Endeavour Silver during the 2nd quarter valued at about $589,000. National Bank of Canada FI grew its position in Endeavour Silver by 5,735.0% during the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after acquiring an additional 431,274 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after acquiring an additional 4,046,065 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Endeavour Silver by 3.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after acquiring an additional 188,787 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after acquiring an additional 13,657,121 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $4.78 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of -239.00 and a beta of 1.71. The business’s 50 day simple moving average is $3.60 and its 200 day simple moving average is $3.57. 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 has a one year low of $1.42 and a one year high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $62.01 million. During the same quarter last year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that Endeavour Silver will post 0.04 earnings per share 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.