Endeavour Silver (NYSE:EXK) PT Raised to $6.25 at Alliance Global Partners

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price increased by Alliance Global Partners from $5.25 to $6.25 in a research note published on Tuesday morning, Benzinga reports. Alliance Global Partners currently has a buy rating on the mining company’s stock.

A number of other brokerages have also recently issued reports 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 research note on Wednesday, July 10th. HC Wainwright cut their target price on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.31.

Endeavour Silver Stock Up 6.6 %

Shares of NYSE:EXK opened at $5.49 on Tuesday. The stock’s 50-day moving average price is $3.70 and its 200-day moving average price is $3.61. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.64. The stock has a market capitalization of $1.35 billion, a P/E ratio of -274.50 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.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data 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). Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. During the same period last year, the business posted $0.01 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts anticipate that Endeavour Silver will post 0.04 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Several large investors have recently modified their holdings of the business. Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver in the second quarter worth about $42,000. Baader Bank Aktiengesellschaft purchased a new stake in Endeavour Silver in the second quarter worth about $42,000. Blue Trust Inc. lifted its holdings in Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Oxbow Advisors LLC purchased a new stake in Endeavour Silver in the second quarter worth about $51,000. Finally, Oak Family Advisors LLC purchased a new stake in Endeavour Silver in the second quarter worth about $55,000. 20.06% of the stock is owned by institutional investors.

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.