Endeavour Silver (NYSE:EXK) Earns Buy Rating from Analysts at TD Securities

TD Securities assumed coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report report published on Friday morning. The brokerage issued a buy rating on the mining company’s stock.

Other equities analysts have also issued research reports about the company. HC Wainwright raised their price objective on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Alliance Global Partners boosted their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. 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 data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

NYSE:EXK opened at $4.21 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67. The stock has a market cap of $1.04 billion, a P/E ratio of -32.38 and a beta of 1.67. The firm’s fifty day simple moving average is $4.56 and its 200 day simple moving average is $3.99.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts predict that Endeavour Silver will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after buying an additional 6,800 shares during the last quarter. Blue Trust Inc. increased its position in shares of Endeavour Silver by 139.6% during the 3rd 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. Rathbones Group PLC lifted its stake in shares of Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares during the period. Geode Capital Management LLC grew its position in Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after buying an additional 10,543 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.