Endeavour Silver (NYSE:EXK) Raised to “Strong-Buy” at National Bank Financial

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at National Bank Financial to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen upgraded Endeavour Silver to a “sell” rating in a report on Wednesday, May 14th. Raymond James began coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating for the company. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Friday, May 23rd. HC Wainwright reiterated a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a report on Wednesday, May 14th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Endeavour Silver currently has a consensus rating of “Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock opened at $4.82 on Thursday. The stock’s fifty day moving average is $3.79 and its two-hundred day moving average is $3.90. The company has a market capitalization of $1.40 billion, a PE ratio of -37.08 and a beta of 1.42. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver has a 52 week low of $2.46 and a 52 week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $63.50 million during the quarter, compared to the consensus estimate of $83.10 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. As a group, analysts expect that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Endeavour Silver by 239.2% during the 4th quarter. Bank of America Corp DE now owns 256,399 shares of the mining company’s stock worth $938,000 after purchasing an additional 180,800 shares during the last quarter. Deutsche Bank AG raised its stake in Endeavour Silver by 5,119.2% in the fourth quarter. Deutsche Bank AG now owns 416,856 shares of the mining company’s stock valued at $1,526,000 after buying an additional 408,869 shares during the last quarter. Renaissance Technologies LLC raised its stake in Endeavour Silver by 82.4% in the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company’s stock valued at $677,000 after buying an additional 83,600 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Endeavour Silver in the fourth quarter valued at about $732,000. Finally, Two Sigma Investments LP raised its stake in Endeavour Silver by 88.4% in the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company’s stock valued at $2,664,000 after buying an additional 341,468 shares during the last quarter. 20.06% of the stock is currently 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.