Alliance Global Partners Boosts Endeavour Silver (NYSE:EXK) Price Target to $6.25

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective hoisted by stock analysts at Alliance Global Partners from $5.25 to $6.25 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. Alliance Global Partners’ price objective indicates a potential upside of 15.53% from the company’s previous close.

Several other research analysts also recently commented on EXK. CIBC raised their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. 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 report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.31.

Endeavour Silver Stock Down 1.5 %

Shares of EXK opened at $5.41 on Tuesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of -270.50 and a beta of 1.71. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.64. The firm has a fifty day moving average price of $3.75 and a 200-day moving average price of $3.62. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14.

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

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. bought a new stake in Endeavour Silver during the 3rd quarter valued at $1,382,000. Blue Trust Inc. lifted its stake in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Endeavour Silver by 53.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock valued at $416,000 after purchasing an additional 41,300 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Endeavour Silver in the second quarter valued at about $314,000. Finally, XTX Topco Ltd grew its stake in Endeavour Silver by 768.2% in the second quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after purchasing an additional 89,288 shares during the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

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.