Endeavour Silver Corp. (NYSE:EXK) Receives $6.06 Consensus Price Target from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.31.

A number of research firms recently commented on EXK. Alliance Global Partners increased their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday. CIBC increased their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, HC Wainwright decreased their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MCIA Inc acquired a new position in Endeavour Silver during the 1st quarter worth $34,000. Baader Bank Aktiengesellschaft acquired a new position in Endeavour Silver during the 2nd quarter worth $42,000. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver during the 2nd quarter worth $42,000. SG Americas Securities LLC lifted its holdings in Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares in the last quarter. Finally, Oxbow Advisors LLC acquired a new position in Endeavour Silver during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Trading Up 1.1 %

EXK stock opened at $5.46 on Friday. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.64. The firm has a market cap of $1.34 billion, a P/E ratio of -273.00 and a beta of 1.71. The business’s 50 day moving average is $3.80 and its 200-day moving average is $3.63. 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 released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $62.01 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts anticipate that Endeavour Silver will post 0.04 earnings per share 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.