Endeavour Silver Corporation (NYSE:EXK) Receives $14.50 Consensus Price Target from Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.50.

A number of equities analysts have recently weighed in on EXK shares. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. HC Wainwright reiterated a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th.

Endeavour Silver Stock Performance

NYSE EXK opened at $9.21 on Friday. The stock has a market cap of $2.73 billion, a PE ratio of -115.11 and a beta of 1.26. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Endeavour Silver has a twelve month low of $3.50 and a twelve month high of $15.15. The stock has a fifty day simple moving average of $9.60 and a 200-day simple moving average of $10.09.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The business had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Equities analysts anticipate that Endeavour Silver will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after acquiring an additional 4,056,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Endeavour Silver by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after purchasing an additional 3,005,563 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Endeavour Silver in the 3rd quarter valued at about $20,225,000. Alps Advisors Inc. raised its position in Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after purchasing an additional 2,374,365 shares in the last quarter. Finally, Condire Management LP raised its position in Endeavour Silver by 200.0% in the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock valued at $23,520,000 after purchasing an additional 2,000,000 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.