HC Wainwright Increases Endeavour Silver (NYSE:EXK) Price Target to $17.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price hoisted by research analysts at HC Wainwright from $14.50 to $17.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target would indicate a potential upside of 22.27% from the stock’s current price.

Several other equities analysts have also weighed in on EXK. iA Financial set a $11.00 target price on shares of Endeavour Silver in a report on Friday, January 9th. Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, B. Riley Financial boosted their price objective on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $14.50.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock opened at $13.90 on Monday. The business’s 50 day moving average price is $11.53 and its 200 day moving average price is $8.98. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -33.10 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. Endeavour Silver has a one year low of $2.95 and a one year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $172.60 million during the quarter, compared to analyst estimates of $227.99 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 27.52%. On average, research analysts predict that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group increased its stake in Endeavour Silver by 8.8% during the 4th 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 during the period. Quarry LP grew its stake in shares of Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after acquiring an additional 1,490 shares in the last quarter. Aire Advisors LLC grew its stake in shares of Endeavour Silver by 5.2% in the third 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 in the last quarter. Swiss Life Asset Management Ltd increased its position 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 acquiring an additional 1,836 shares during the period. Finally, Hohimer Wealth Management LLC raised its stake in shares of Endeavour Silver by 16.6% in 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 in the last quarter. Hedge funds and other 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.