Endeavour Silver Corp. (NYSE:EXK) Receives $6.63 Average Price Target from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have earned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.63.

A number of research firms have recently commented on EXK. TD Securities began coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 price target on shares of Endeavour Silver in a report on Monday, December 2nd. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th.

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently made changes to their positions in EXK. Baader Bank Aktiengesellschaft bought a new stake in Endeavour Silver in the second quarter worth about $42,000. Oak Family Advisors LLC purchased a new position in Endeavour Silver during the 2nd quarter valued at $55,000. Ameritas Advisory Services LLC bought a new position in Endeavour Silver in the 2nd quarter valued at $83,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Endeavour Silver by 44,584.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,897 shares of the mining company’s stock valued at $151,000 after acquiring an additional 42,801 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Endeavour Silver in the second quarter worth $87,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Stock Down 4.4 %

NYSE EXK opened at $3.92 on Friday. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67. The stock’s 50 day moving average is $4.59 and its 200 day moving average is $4.01. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.03 billion, a PE ratio of -30.15 and a beta of 1.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same period in the previous year, the firm posted ($0.04) EPS. Endeavour Silver’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Endeavour Silver will post -0.08 EPS for the current fiscal year.

About Endeavour Silver

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.