Endeavour Silver Corporation (NYSE:EXK) Receives $14.50 Consensus PT from Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.50.

Several research firms have weighed in on EXK. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. B. Riley Financial increased their price objective on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Endeavour Silver from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th.

Endeavour Silver Stock Performance

Shares of EXK opened at $9.31 on Friday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of -22.18 and a beta of 1.16. The company’s fifty day moving average is $11.44 and its 200-day moving average is $9.65. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $172.60 million during the quarter, compared to analyst estimates of $227.99 million. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. Equities analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group grew its stake in Endeavour Silver by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock valued at $107,000 after buying an additional 887 shares during the last quarter. Quarry LP lifted its position in Endeavour Silver by 2.0% during the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after acquiring an additional 1,490 shares during the last quarter. Aire Advisors LLC lifted its position in Endeavour Silver by 5.2% during the 3rd quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock worth $247,000 after acquiring an additional 1,547 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Endeavour Silver by 15.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company’s stock valued at $128,000 after acquiring an additional 1,836 shares during the period. Finally, Hohimer Wealth Management LLC boosted its holdings in Endeavour Silver by 16.6% during the third quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock valued at $113,000 after acquiring an additional 2,050 shares during the period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.