Brokerages Set Endeavour Silver Corp. (NYSE:EXK) PT at $6.63

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $6.63.

Several analysts have issued reports on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. HC Wainwright upped their price target on shares of Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Alliance Global Partners upped their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. Hohimer Wealth Management LLC acquired a new position in shares of Endeavour Silver in the second quarter valued at $42,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Endeavour Silver in the second quarter valued at $42,000. Blue Trust Inc. increased its holdings in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after purchasing an additional 8,389 shares during the last quarter. Oxbow Advisors LLC acquired a new position in shares of Endeavour Silver in the second quarter valued at $51,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Endeavour Silver in the second quarter valued at about $55,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $4.70 on Tuesday. The company’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $3.87. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.16 billion, a PE ratio of -36.15 and a beta of 1.67. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts expect that Endeavour Silver will post 0.04 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.