Endeavour Silver’s (EXK) Buy Rating Reiterated at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $7.25 target price on the mining company’s stock. HC Wainwright’s price objective would indicate a potential upside of 76.83% from the company’s previous close.

Other research analysts have also issued reports about the stock. TD Securities began coverage on shares of Endeavour Silver in a report on Friday. They set a “buy” rating for the company. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Finally, Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Down 2.6 %

NYSE EXK traded down $0.11 during trading hours on Monday, hitting $4.10. The company had a trading volume of 651,236 shares, compared to its average volume of 5,517,773. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -31.54 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The firm’s 50 day moving average is $4.56 and its 200 day moving average is $3.99.

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

Institutional Inflows and Outflows

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

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.