Zacks Research Upgrades Endeavour Silver (NYSE:EXK) to “Hold”

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

EXK has been the topic of a number of other reports. Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. HC Wainwright reiterated a “buy” rating and issued a $14.50 price target (up previously from $11.00) on shares of Endeavour Silver in a research note on Friday. Finally, B. Riley boosted their price target on Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $13.88.

Endeavour Silver Stock Up 0.1%

Shares of EXK opened at $11.18 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $11.70. The firm’s 50 day moving average is $8.94 and its 200-day moving average is $7.37. The stock has a market capitalization of $3.30 billion, a PE ratio of -32.87 and a beta of 1.23.

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 analysts’ consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%.The company had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. Equities research analysts forecast that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Endeavour Silver by 13.3% in the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after purchasing an additional 289,096 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Endeavour Silver in the first quarter valued at approximately $100,000. Goldman Sachs Group Inc. raised its holdings in Endeavour Silver by 133.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after buying an additional 747,556 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Endeavour Silver by 162.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after buying an additional 326,508 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Endeavour Silver during the 2nd quarter worth approximately $114,000. Institutional investors own 20.06% of the company’s stock.

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.