Endeavour Silver (NYSE:EXK) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a sell rating in a report issued on Tuesday morning.

Other equities research analysts have also issued reports about the stock. Alliance Global Partners lifted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Wednesday, December 18th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Down 0.8 %

Shares of NYSE EXK opened at $3.68 on Tuesday. The business has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $4.01. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.67. The company has a market cap of $965.34 million, a P/E ratio of -28.31 and a beta of 1.62. 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 (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business’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 company posted ($0.04) EPS. Research analysts anticipate that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of the stock. Hohimer Wealth Management LLC purchased a new position in Endeavour Silver in the 2nd quarter worth approximately $42,000. Oxbow Advisors LLC purchased a new position in shares of Endeavour Silver in the second quarter worth $51,000. Blue Trust Inc. increased its stake in shares of 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. Virtu Financial LLC bought a new stake in Endeavour Silver during the 3rd quarter valued at $80,000. Finally, Rathbones Group PLC boosted its position in Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after buying an additional 8,500 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.