ValuEngine upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a sell rating to a hold rating in a research report report published on Friday morning.
Other analysts also recently issued research reports about the stock. Noble Financial restated a buy rating and set a $4.00 price target on shares of Endeavour Silver in a report on Wednesday, September 5th. Noble Capital Markets downgraded shares of Endeavour Silver from an outperform rating to a market perform rating in a report on Thursday, November 1st. BMO Capital Markets restated a hold rating on shares of Endeavour Silver in a report on Thursday, November 1st. HC Wainwright set a $6.00 price target on shares of Endeavour Silver and gave the stock a buy rating in a report on Friday, October 12th. Finally, TheStreet downgraded shares of Endeavour Silver from a c rating to a d+ rating in a report on Monday, August 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $5.00.
Shares of NYSE EXK traded up $0.13 during midday trading on Friday, reaching $1.97. 974,665 shares of the stock were exchanged, compared to its average volume of 618,965. The company has a market capitalization of $240.22 million, a P/E ratio of 24.63 and a beta of 0.10. Endeavour Silver has a twelve month low of $1.76 and a twelve month high of $3.35.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, October 31st. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). The firm had revenue of $37.58 million for the quarter, compared to analyst estimates of $38.74 million. Endeavour Silver had a negative return on equity of 2.44% and a negative net margin of 3.86%. As a group, equities research analysts forecast that Endeavour Silver will post -0.05 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its holdings in Endeavour Silver by 81.9% in the 3rd quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock valued at $162,000 after purchasing an additional 31,651 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Endeavour Silver by 44.4% in the second quarter. Sigma Planning Corp now owns 94,906 shares of the mining company’s stock worth $296,000 after acquiring an additional 29,178 shares in the last quarter. Raymond James & Associates acquired a new position in shares of Endeavour Silver in the second quarter worth $406,000. Alps Advisors Inc. grew its stake in shares of Endeavour Silver by 156.9% in the second quarter. Alps Advisors Inc. now owns 717,708 shares of the mining company’s stock worth $2,239,000 after acquiring an additional 438,318 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Endeavour Silver by 33.7% in the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock worth $3,990,000 after acquiring an additional 435,827 shares in the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.
About Endeavour Silver
Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.
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