Endeavour Silver Corporation (NYSE:EXK) Given Average Recommendation of “Buy” by Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been assigned an average recommendation of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and five have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $13.8750.

Several research firms recently issued reports on EXK. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, January 21st. Industrial Alliance Securities set a $11.00 price target on Endeavour Silver in a research report on Friday, January 9th. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a research report on Monday, January 19th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, HC Wainwright reissued a “buy” rating and issued a $14.50 price target (up previously from $11.00) on shares of Endeavour Silver in a research note on Friday, January 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Endeavour Silver during the second quarter valued at about $613,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Endeavour Silver in the third quarter worth about $3,052,000. Abbington Investment Group bought a new stake in shares of Endeavour Silver in the 3rd quarter valued at about $2,944,000. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in Endeavour Silver by 583.3% during the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after acquiring an additional 140,870 shares during the period. Finally, Intact Investment Management Inc. grew its position in Endeavour Silver by 202.0% during the 2nd quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after acquiring an additional 415,200 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $11.90 on Thursday. The company has a 50 day moving average of $10.46 and a 200 day moving average of $8.15. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.52 billion, a P/E ratio of -35.00 and a beta of 1.23. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $111.40 million during the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, sell-side analysts forecast that Endeavour Silver will post -0.07 EPS for the current fiscal year.

About Endeavour Silver

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.