HC Wainwright Issues Pessimistic Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price reduced by equities researchers at HC Wainwright from $17.00 to $16.75 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the mining company’s stock. HC Wainwright‘s target price suggests a potential upside of 100.48% from the company’s previous close.

EXK has been the topic of several other reports. Citigroup lowered shares of Endeavour Silver to a “market perform” rating in a research note on Friday, October 9th. B. Riley Financial began coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They issued a “buy” rating and a $14.00 price target for the company. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings raised shares of Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, Canadian Imperial Bank of Commerce cut shares of Endeavour Silver from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Endeavour Silver presently has an average rating of “Moderate Buy” and an average target price of $13.92.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $8.36 on Tuesday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 39.79 and a beta of 1.38. Endeavour Silver has a 52-week low of $6.91 and a 52-week high of $15.15. The stock’s 50 day moving average price is $8.94 and its two-hundred day moving average price is $9.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Monday, November 9th. The mining company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $184.50 million during the quarter, compared to the consensus estimate of $197.00 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, equities analysts predict that Endeavour Silver will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Endeavour Silver by 85.4% during the 1st quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company’s stock worth $25,198,000 after buying an additional 1,246,554 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Endeavour Silver by 121.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company’s stock worth $21,535,000 after buying an additional 1,268,035 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Endeavour Silver by 18,554.9% in the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock valued at $17,715,000 after acquiring an additional 1,892,600 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Endeavour Silver in the second quarter valued at approximately $10,192,000. Finally, Groupe la Francaise grew its holdings in shares of Endeavour Silver by 44.3% in the first quarter. Groupe la Francaise now owns 866,000 shares of the mining company’s stock valued at $8,054,000 after acquiring an additional 266,000 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Canadian mining company that acquires, explores, develops and operates silver and gold properties. Founded in 2004, the company focuses on producing precious metals and expanding its portfolio through mine development and exploration.

Its mining and development activities have centered on Mexico, including the Guanaceví and Bolañitos operations and the Terronera project. Endeavour has also expanded into Peru through its acquisition of the Kolpa mine, which produces silver as well as lead, zinc and copper.

Endeavour Silver is headquartered in Vancouver, British Columbia.