Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a note issued to investors on Friday. They currently have a $3.25 price objective on the mining company’s stock. HC Wainwright’s target price would indicate a potential upside of 47.73% from the company’s current price.
The analysts wrote, “Valuation for Guanaceví 102,977 $ HCW estimate Valuation for Bolañitos 115,471 $ HCW estimate Valuation for El Cubo 15,531 $ HCW estimate Valuation for El Compas 5,531 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.””
Several other research firms also recently weighed in on EXK. Zacks Investment Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Noble Financial downgraded Endeavour Silver from an “outperform” rating to a “hold” rating in a research note on Thursday, November 1st. BMO Capital Markets restated a “hold” rating on shares of Endeavour Silver in a research note on Thursday, November 1st. Roth Capital assumed coverage on Endeavour Silver in a research note on Tuesday, December 11th. They issued a “buy” rating and a $2.50 price target on the stock. Finally, ValuEngine upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $3.17.
Shares of EXK stock traded down $0.03 during midday trading on Friday, reaching $2.20. 617,710 shares of the stock were exchanged, compared to its average volume of 788,114. Endeavour Silver has a 1 year low of $1.76 and a 1 year high of $3.35. The company has a market capitalization of $296.36 million, a price-to-earnings ratio of 27.50 and a beta of -0.16.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Wednesday, October 31st. The mining company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Endeavour Silver had a negative return on equity of 2.44% and a negative net margin of 3.86%. The firm had revenue of $37.58 million for the quarter, compared to analysts’ expectations of $38.74 million. Research analysts forecast that Endeavour Silver will post -0.06 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in Endeavour Silver by 81.9% during the 3rd quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock valued at $162,000 after purchasing an additional 31,651 shares during the last quarter. Global X Management Co LLC boosted its stake in Endeavour Silver by 5.2% during the 2nd quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock valued at $5,984,000 after purchasing an additional 94,233 shares during the last quarter. Raymond James & Associates purchased a new stake in Endeavour Silver during the 2nd quarter valued at $406,000. Renaissance Technologies LLC boosted its stake in Endeavour Silver by 9.4% during the 3rd quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock valued at $10,219,000 after purchasing an additional 380,525 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Endeavour Silver by 33.7% during the 3rd quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock valued at $3,990,000 after purchasing an additional 435,827 shares during the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.
Endeavour Silver Company Profile
Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.
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