Endeavour Silver (NYSE:EXK) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report report published on Monday morning,Benzinga reports. They currently have a $7.25 target price on the mining company’s stock.

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

Endeavour Silver Stock Performance

EXK stock opened at $4.09 on Monday. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67. 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 company has a market cap of $1.01 billion, a P/E ratio of -31.42 and a beta of 1.67. The business’s fifty day moving average is $4.57 and its 200-day moving average is $3.99.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued 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 firm had revenue of $53.40 million for the quarter, compared to analysts’ expectations 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 was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) earnings per share. Equities research analysts forecast that Endeavour Silver will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares in the last quarter. TD Asset Management Inc acquired a new stake in Endeavour Silver in the 2nd quarter valued at approximately $9,452,000. National Bank of Canada FI lifted its stake in Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after acquiring an additional 15,075 shares in the last quarter. U S Global Investors Inc. acquired a new position in Endeavour Silver during the 3rd quarter worth approximately $1,382,000. Finally, Quest Partners LLC bought a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $964,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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.