Endeavour Silver (NYSE:EXK) Upgraded to “Strong-Buy” at TD Securities

TD Securities upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Several other research firms also recently commented on EXK. HC Wainwright dropped their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Trading Up 24.3 %

EXK stock opened at $4.53 on Monday. Endeavour Silver has a 52 week low of $2.02 and a 52 week high of $5.67. The company’s 50-day simple moving average is $3.82 and its 200 day simple moving average is $4.02. The company has a market capitalization of $1.19 billion, a PE ratio of -34.81 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. As a group, sell-side analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Several institutional investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in Endeavour Silver by 0.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock worth $39,545,000 after purchasing an additional 99,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock valued at $23,858,000 after purchasing an additional 3,581,936 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Endeavour Silver by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock worth $21,748,000 after buying an additional 288,166 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock worth $9,728,000 after buying an additional 1,937,150 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

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.