Endeavour Silver (NYSE:EXK) Stock Rating Upgraded by Zacks Research

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on EXK. BMO Capital Markets reaffirmed an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. iA Financial set a $11.00 target price on Endeavour Silver in a research note on Friday, January 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Finally, B. Riley Financial lifted their price objective on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Trading Down 0.3%

Shares of Endeavour Silver stock opened at $9.20 on Thursday. The company’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $9.95. The stock has a market capitalization of $2.72 billion, a PE ratio of -21.91 and a beta of 1.26. Endeavour Silver has a 1-year low of $3.14 and a 1-year high of $15.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 1.30.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. The company had revenue of $172.60 million for the quarter, compared to analysts’ expectations of $227.99 million. As a group, equities analysts anticipate that Endeavour Silver will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Montrusco Bolton Investments Inc. purchased a new stake in Endeavour Silver in the 3rd quarter valued at about $9,514,000. Y Intercept Hong Kong Ltd purchased a new stake in Endeavour Silver in the third quarter valued at approximately $3,052,000. Abbington Investment Group purchased a new stake in Endeavour Silver in the third quarter valued at approximately $2,944,000. Alps Advisors Inc. raised its position in Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after purchasing an additional 2,374,365 shares during the period. Finally, Caprock Group LLC purchased a new stake in Endeavour Silver in the third quarter valued at approximately $1,098,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

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.