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

Zacks Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target on the stock in a report on Monday, November 3rd. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research note on Friday. B. Riley upped their price target on Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday. HC Wainwright reissued a “buy” rating and set a $14.50 price target (up previously from $11.00) on shares of Endeavour Silver in a research report on Friday. Finally, Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Five research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Endeavour Silver presently has a consensus rating of “Buy” and an average price target of $13.88.

Endeavour Silver Stock Up 2.0%

Shares of EXK stock traded up $0.22 on Monday, reaching $11.38. 5,298,895 shares of the stock were exchanged, compared to its average volume of 14,385,412. 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 twelve month low of $2.95 and a twelve month high of $11.70. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -33.43 and a beta of 1.23. The business’s 50 day moving average price is $8.94 and its 200 day moving average price is $7.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). The company had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. As a group, sell-side analysts expect that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Endeavour Silver by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after buying an additional 3,005,563 shares during the period. Jupiter Asset Management Ltd. lifted its stake in Endeavour Silver by 2.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock valued at $51,916,000 after acquiring an additional 223,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Endeavour Silver by 13.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock worth $26,895,000 after purchasing an additional 643,641 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Endeavour Silver by 113.9% during the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after buying an additional 2,374,365 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Endeavour Silver by 19.9% in the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock valued at $21,927,000 after purchasing an additional 740,046 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.