HC Wainwright Forecasts Strong Price Appreciation for Endeavour Silver (NYSE:EXK) Stock

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price boosted by research analysts at HC Wainwright from $14.50 to $17.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective would suggest a potential upside of 43.10% from the company’s current price.

EXK has been the topic of a number of other reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. iA Financial set a $11.00 price objective on shares of Endeavour Silver in a research report on Friday, January 9th. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, B. Riley Financial lifted their price target on Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $14.50.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $11.88 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market capitalization of $3.51 billion, a P/E ratio of -28.29 and a beta of 1.16. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $15.15. The company’s 50-day moving average is $11.63 and its 200 day moving average is $9.08.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.34%. The company had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. On average, equities research analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group lifted its stake in shares of Endeavour Silver by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock valued at $107,000 after acquiring an additional 887 shares during the last quarter. Quarry LP increased its stake in Endeavour Silver by 2.0% in the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after purchasing an additional 1,490 shares during the period. Aire Advisors LLC lifted its position in Endeavour Silver by 5.2% in 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 during the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of Endeavour Silver by 15.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company’s stock valued at $128,000 after purchasing an additional 1,836 shares during the period. Finally, Hohimer Wealth Management LLC boosted its stake in shares of Endeavour Silver by 16.6% during the third quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock valued at $113,000 after purchasing an additional 2,050 shares during the period. 20.06% of the stock is owned by institutional investors.

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.