Endeavour Silver Corporation (NYSE:EXK) Receives $13.13 Average Target Price from Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received a consensus rating of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a buy rating and five have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.8750.

A number of research firms recently issued reports on EXK. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th. CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective for the company in a report on Monday, November 3rd. Industrial Alliance Securities set a $11.00 target price on Endeavour Silver in a report on Friday. Finally, Natl Bk Canada upgraded Endeavour Silver to a “strong-buy” rating in a research note on Tuesday, December 9th.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $11.18 on Friday. The stock has a fifty day moving average price of $8.94 and a 200 day moving average price of $7.37. Endeavour Silver has a 52 week low of $2.95 and a 52 week high of $11.70. The firm has a market capitalization of $3.30 billion, a P/E ratio of -32.87 and a beta of 1.23. 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 (NYSE:EXK) (TSE:EDR) last posted 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). Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. The business had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million. Equities research analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Endeavour Silver by 38.1% during 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 acquiring an additional 3,005,563 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock worth $51,916,000 after purchasing an additional 223,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted 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 buying an additional 643,641 shares during the period. Alps Advisors Inc. grew its stake in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after buying an additional 2,374,365 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of 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 buying an additional 740,046 shares in the last quarter. 20.06% of the stock is 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.