Endeavour Silver (NYSE:EXK) Given New $7.00 Price Target at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective decreased by equities researchers at HC Wainwright from $7.25 to $7.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target would indicate a potential upside of 97.18% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Alliance Global Partners upped their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Price Performance

Shares of EXK stock opened at $3.55 on Friday. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The firm has a market capitalization of $931.25 million, a price-to-earnings ratio of -27.31 and a beta of 1.64. 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 fifty day moving average of $4.15 and a 200-day moving average of $4.01.

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

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its stake in shares of Endeavour Silver by 16.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after buying an additional 19,200 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Endeavour Silver during the 3rd quarter worth about $80,000. Barclays PLC boosted its stake in shares of Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after buying an additional 51,901 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after buying an additional 10,543 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Endeavour Silver in the 3rd quarter valued at about $261,000. 20.06% of the stock is currently 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.