Endeavour Silver’s (EXK) Buy Rating Reiterated at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They currently have a $17.00 target price on the mining company’s stock. HC Wainwright’s target price would suggest a potential upside of 120.95% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Price Performance

NYSE EXK opened at $7.69 on Thursday. The business’s fifty day moving average price is $9.02 and its 200-day moving average price is $10.18. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -96.16 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. Endeavour Silver has a 1-year low of $4.87 and a 1-year high of $15.15.

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

Institutional Trading of Endeavour Silver

Several hedge funds have recently bought and sold shares of EXK. Tudor Investment Corp ET AL bought a new position in shares of Endeavour Silver in the third quarter worth about $14,146,000. Montrusco Bolton Investments Inc. grew its stake in shares of Endeavour Silver by 15.5% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,402,392 shares of the mining company’s stock valued at $13,208,000 after acquiring an additional 187,917 shares during the period. Trek Financial LLC purchased a new stake in Endeavour Silver in the 4th quarter worth approximately $4,520,000. Havemeyer Place LP purchased a new stake in Endeavour Silver in the 4th quarter worth approximately $892,000. Finally, Rothschild Wealth LLC bought a new stake in Endeavour Silver during the 4th quarter worth approximately $1,940,000. 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.