Brokerages Set Endeavour Silver Corporation (NYSE:EXK) Target Price at $14.50

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.50.

Several analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research report on Thursday.

Institutional Trading of Endeavour Silver

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after purchasing an additional 4,056,768 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Endeavour Silver by 38.1% in 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 purchasing an additional 3,005,563 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at $20,225,000. Condire Management LP boosted its holdings in Endeavour Silver by 200.0% during the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after buying an additional 2,000,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Endeavour Silver by 18,554.9% during the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock worth $17,715,000 after buying an additional 1,892,600 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Shares of NYSE:EXK traded down $0.14 during trading on Friday, hitting $8.10. The stock had a trading volume of 3,021,840 shares, compared to its average volume of 5,720,318. Endeavour Silver has a 12-month low of $4.91 and a 12-month high of $15.15. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -101.17 and a beta of 1.33. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $8.99 and a two-hundred day simple moving average of $10.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating 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 analyst estimates of $200.41 million. On average, equities research analysts expect that Endeavour Silver will post 0.64 earnings per share for the current fiscal year.

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.