Endeavour Silver Corporation (NYSE:EXK) Stock Has Consensus Target Price of $14.50 According to Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.50.

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. HC Wainwright reissued a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a research note on Friday, October 9th. B. Riley Financial started coverage on Endeavour Silver in a research note on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective on the stock. Canadian Imperial Bank of Commerce downgraded Endeavour Silver from an “outperform” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently made changes to their positions in EXK. Encompass More Asset Management bought a new stake in shares of Endeavour Silver in the third quarter valued at about $86,000. TD Waterhouse Canada Inc. grew its holdings in Endeavour Silver by 142.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,500 shares of the mining company’s stock worth $72,000 after acquiring an additional 5,000 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Endeavour Silver during the 3rd quarter valued at about $34,000. Wellington Altus USA Inc. purchased a new position in Endeavour Silver during the 2nd quarter valued at about $147,000. Finally, Engineers Gate Manager LP increased its position in Endeavour Silver by 8.1% during the 2nd quarter. Engineers Gate Manager LP now owns 162,566 shares of the mining company’s stock valued at $1,346,000 after purchasing an additional 12,245 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Down 0.6%

NYSE:EXK opened at $8.24 on Tuesday. Endeavour Silver has a twelve month low of $6.60 and a twelve month high of $15.15. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 39.23 and a beta of 1.41. The stock has a fifty day simple moving average of $9.87 and a 200-day simple moving average of $9.26. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. Analysts anticipate that Endeavour Silver will post 0.68 EPS for the current year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company produces silver and gold concentrates and related mineral products from underground mining and milling operations.

Endeavour Silver’s operations and mineral projects are located primarily in Mexico. Its principal assets have included the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato, along with the Terronera project in Jalisco.