Endeavour Silver (NYSE:EXK) Price Target Cut to $6.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective decreased by HC Wainwright from $6.25 to $6.00 in a research report sent to investors on Wednesday, Benzinga reports. HC Wainwright currently has a buy rating on the mining company’s stock.

A number of other equities analysts have also recently weighed in on EXK. CIBC raised their price objective on Endeavour Silver from $6.00 to $7.00 and gave the company a neutral rating in a report on Wednesday, July 10th. BMO Capital Markets started coverage on Endeavour Silver in a report on Monday, June 17th. They set an outperform rating and a $6.00 price objective on the stock. Finally, Alliance Global Partners raised their price objective on Endeavour Silver from $4.00 to $5.25 and gave the company a buy rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $6.06.

Endeavour Silver Stock Performance

Shares of EXK opened at $4.36 on Wednesday. The company has a market cap of $1.07 billion, a PE ratio of -218.00 and a beta of 1.71. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $3.46 and a 200-day moving average price of $3.50. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. As a group, equities analysts forecast that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its stake in Endeavour Silver by 53.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock worth $416,000 after purchasing an additional 41,300 shares during the period. Mackenzie Financial Corp purchased a new position in Endeavour Silver in the 2nd quarter worth approximately $314,000. XTX Topco Ltd increased its stake in Endeavour Silver by 768.2% in the 2nd quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock worth $355,000 after purchasing an additional 89,288 shares during the period. Perissos Private Wealth Management LLC increased its stake in Endeavour Silver by 58.2% in the 2nd quarter. Perissos Private Wealth Management LLC now owns 47,683 shares of the mining company’s stock worth $168,000 after purchasing an additional 17,550 shares during the period. Finally, Rathbones Group PLC increased its stake in Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares during the period. 20.06% of the stock is owned by hedge funds and other 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.