Endeavour Silver Corporation (NYSE:EXK) Receives $14.50 Average PT from Analysts

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.50.

A number of equities analysts have recently weighed in on EXK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Finally, iA Financial set a $11.00 target price on Endeavour Silver in a research note on Friday, January 9th.

Endeavour Silver Stock Performance

NYSE EXK opened at $9.46 on Tuesday. Endeavour Silver has a fifty-two week low of $3.14 and a fifty-two week high of $15.15. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -22.51 and a beta of 1.38. The business has a fifty day moving average of $10.55 and a 200-day moving average of $9.90. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%.The company had revenue of $172.60 million during the quarter, compared to analyst estimates of $227.99 million. As a group, analysts predict that Endeavour Silver will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in Endeavour Silver by 389.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after purchasing an additional 3,647 shares during the last quarter. Signaturefd LLC acquired a new position in Endeavour Silver in the fourth quarter valued at $47,000. Greenberg Financial Group acquired a new position in Endeavour Silver in the fourth quarter valued at $94,000. Renaissance Technologies LLC acquired a new position in Endeavour Silver in the fourth quarter valued at $96,000. Finally, Franklin Resources Inc. acquired a new position in Endeavour Silver in the fourth quarter valued at $100,000. 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.