Endeavour Silver Corporation (NYSE:EXK) Receives Consensus Rating of “Buy” from Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.6667.

Several equities analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of Endeavour Silver in a research report on Tuesday, November 25th. B. Riley lifted their target price on Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Zacks Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock opened at $9.54 on Wednesday. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -28.06 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The business has a 50-day moving average of $8.42 and a 200 day moving average of $6.75. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $10.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The business had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. As a group, sell-side analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Endeavour Silver during the 2nd quarter worth $29,000. Total Investment Management Inc. acquired a new stake in Endeavour Silver in the second quarter valued at $41,000. Centric Wealth Management purchased a new stake in Endeavour Silver during the 2nd quarter worth about $60,000. Andina Capital Management LLC acquired a new position in shares of Endeavour Silver during the 3rd quarter worth about $89,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Endeavour Silver in the 3rd quarter valued at about $92,000. 20.06% of the stock is 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.