HC Wainwright Issues Positive Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price lifted by HC Wainwright from $6.00 to $7.25 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the mining company’s stock. HC Wainwright also issued estimates for Endeavour Silver’s FY2025 earnings at $0.16 EPS.

Other equities analysts also recently issued reports about the stock. CIBC increased their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Alliance Global Partners raised their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Up 2.5 %

Shares of Endeavour Silver stock traded up $0.12 on Wednesday, hitting $4.84. 1,773,778 shares of the company traded hands, compared to its average volume of 5,455,457. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.19 billion, a PE ratio of -67.42 and a beta of 1.67. The company has a 50-day moving average price of $4.13 and a 200 day moving average price of $3.79.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. Sell-side analysts predict that Endeavour Silver will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXK. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver during the second quarter valued at approximately $42,000. Baader Bank Aktiengesellschaft acquired a new stake in Endeavour Silver during the second quarter worth $42,000. Blue Trust Inc. increased its holdings in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the period. Oxbow Advisors LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $51,000. Finally, Oak Family Advisors LLC bought a new position in shares of Endeavour Silver during the 2nd quarter worth about $55,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.