Brokerages Set Endeavour Silver Corporation (NYSE:EXK) Price Target at $14.50

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $14.50.

Several analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th.

Endeavour Silver Stock Performance

NYSE EXK opened at $8.59 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -107.37 and a beta of 1.28. The firm’s 50 day simple moving average is $9.49 and its 200 day simple moving average is $10.23. Endeavour Silver has a 1 year low of $4.53 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.11. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. As a group, research analysts expect that Endeavour Silver will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group increased its holdings in shares of Endeavour Silver by 8.8% during the fourth quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock worth $107,000 after buying an additional 887 shares in the last quarter. Quarry LP increased its holdings in shares of Endeavour Silver by 2.0% during the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after buying an additional 1,490 shares in the last quarter. Aire Advisors LLC increased its holdings in shares of Endeavour Silver by 5.2% during the third quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock worth $247,000 after buying an additional 1,547 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of 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 worth $128,000 after buying an additional 1,836 shares in the last quarter. Finally, Hohimer Wealth Management LLC increased its holdings in shares of Endeavour Silver by 16.6% during the third quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock worth $113,000 after buying an additional 2,050 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.