Endeavour Silver Corporation (NYSE:EXK) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $13.92.

Several research firms recently commented on EXK. HC Wainwright decreased their target price on Endeavour Silver from $17.00 to $16.75 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperform” rating to a “hold” rating in a report on Tuesday, September 22nd. Citigroup downgraded shares of Endeavour Silver to a “market perform” rating in a research report on Friday, October 9th. Finally, B. Riley Financial began coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They set a “buy” rating and a $14.00 target price on the stock.

Endeavour Silver Price Performance

Shares of EXK opened at $8.13 on Friday. Endeavour Silver has a 1 year low of $6.91 and a 1 year high of $15.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.19 and a quick ratio of 1.65. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.52 and a beta of 1.38. The business has a 50-day moving average of $8.84 and a 200-day moving average of $9.60.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Monday, November 9th. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Endeavour Silver had a net margin of 17.20% and a return on equity of 22.55%. The firm had revenue of $184.50 million for the quarter, compared to the consensus estimate of $197.00 million. As a group, equities research analysts anticipate that Endeavour Silver will post 0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its holdings in shares of Endeavour Silver by 8.5% during the third quarter. HighTower Advisors LLC now owns 25,467 shares of the mining company’s stock valued at $219,000 after buying an additional 2,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Endeavour Silver by 10.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,919 shares of the mining company’s stock valued at $188,000 after acquiring an additional 2,134 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Endeavour Silver by 223.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock valued at $29,000 after acquiring an additional 2,418 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Parvin Asset Management LLC boosted its stake in Endeavour Silver by 1.0% during the 1st quarter. Parvin Asset Management LLC now owns 325,775 shares of the mining company’s stock valued at $3,033,000 after purchasing an additional 3,200 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian mining company that acquires, explores, develops and operates silver and gold properties. Founded in 2004, the company focuses on producing precious metals and expanding its portfolio through mine development and exploration. Its mining and development activities have centered on Mexico, including the Guanaceví and Bolañitos operations and the Terronera project. Endeavour has also expanded into Peru through its acquisition of the Kolpa mine, which produces silver as well as lead, zinc and copper.