Endeavour Silver Corporation (NYSE:EXK) Receives $14.50 Average Price Target from Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.50.

EXK has been the subject of a number of analyst reports. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. 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. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group grew its position in shares of Endeavour Silver by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock worth $107,000 after buying an additional 887 shares during the last quarter. Quarry LP raised its holdings in Endeavour Silver by 2.0% in the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after purchasing an additional 1,490 shares in the last quarter. Aire Advisors LLC lifted its position in shares of Endeavour Silver by 5.2% in the 3rd quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock worth $247,000 after purchasing an additional 1,547 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Endeavour Silver by 15.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company’s stock worth $128,000 after purchasing an additional 1,836 shares during the period. Finally, Hohimer Wealth Management LLC lifted its position in shares of Endeavour Silver by 16.6% in the 3rd quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock worth $113,000 after purchasing an additional 2,050 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $8.59 on Wednesday. The firm has a fifty day simple moving average of $9.49 and a two-hundred day simple moving average of $10.25. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. Endeavour Silver has a twelve month low of $4.53 and a twelve month high of $15.15. The company has a market capitalization of $2.54 billion, a PE ratio of -107.37 and a beta of 1.28.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million for the quarter, compared to the consensus estimate of $200.41 million. Research analysts expect that Endeavour Silver will post 0.63 EPS for the current year.

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.