Endeavour Silver Corporation (NYSE:EXK) Given Average Rating of “Buy” by Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been assigned an average rating of “Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a buy rating and five have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.1250.

EXK has been the subject of several analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Friday. CIBC upgraded shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target for the company in a research report on Monday, November 3rd. Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $14.50 price objective (up from $11.00) on shares of Endeavour Silver in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds have recently bought and sold shares of EXK. Quarry LP raised its position in shares of Endeavour Silver by 2.0% in the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company’s stock valued at $582,000 after buying an additional 1,490 shares in the last quarter. Aire Advisors LLC raised its position in Endeavour Silver by 5.2% during the third quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock valued at $247,000 after purchasing an additional 1,547 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in Endeavour Silver by 16.6% during the third quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock worth $113,000 after purchasing an additional 2,050 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Endeavour Silver by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock valued at $362,000 after purchasing an additional 2,129 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Endeavour Silver by 5.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock valued at $203,000 after purchasing an additional 2,161 shares in the last quarter. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Stock Performance

Shares of NYSE EXK opened at $10.63 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -31.25 and a beta of 1.23. The stock’s fifty day moving average price is $8.81 and its two-hundred day moving average price is $7.26. Endeavour Silver has a one year low of $2.95 and a one year high of $10.89.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%.The firm had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. On average, equities analysts forecast that Endeavour Silver will post -0.07 EPS for the current year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.