Endeavour Silver Corporation (NYSE:EXK) Stock Has Average Price Target of $14.50 According to Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.50.

A number of research firms have commented on EXK. HC Wainwright reiterated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, July 9th. B. Riley Financial started coverage on Endeavour Silver in a research report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price target for the company. Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperform” rating to a “hold” rating in a report on Tuesday. Weiss Ratings upgraded Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EXK. Wellington Altus USA Inc. acquired a new position in Endeavour Silver during the 2nd quarter worth about $147,000. Engineers Gate Manager LP increased its stake in Endeavour Silver by 8.1% during the second quarter. Engineers Gate Manager LP now owns 162,566 shares of the mining company’s stock worth $1,346,000 after purchasing an additional 12,245 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Endeavour Silver during the second quarter worth about $53,000. Amundi lifted its position in shares of Endeavour Silver by 66.3% during the second quarter. Amundi now owns 54,341 shares of the mining company’s stock worth $450,000 after purchasing an additional 21,658 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Endeavour Silver by 223.5% during the second quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock worth $29,000 after purchasing an additional 2,418 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Stock Down 1.1%

Endeavour Silver stock opened at $9.15 on Friday. The stock has a market capitalization of $2.71 billion, a PE ratio of 43.60 and a beta of 1.43. Endeavour Silver has a 12 month low of $6.60 and a 12 month high of $15.15. The business has a 50 day simple moving average of $9.72 and a 200-day simple moving average of $9.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, analysts anticipate that Endeavour Silver will post 0.68 EPS for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development, and operation of silver-gold properties. The company’s activities include underground mining, mineral processing, project development, and exploration for additional deposits.

Endeavour Silver’s operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.