National Bank Financial Upgrades Endeavour Silver (NYSE:EXK) to Strong-Buy

National Bank Financial upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a strong-buy rating in a report released on Thursday,Zacks.com reports.

A number of other research firms also recently commented on EXK. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. HC Wainwright restated a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Wednesday, May 14th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Friday, May 23rd. Raymond James assumed coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating on the stock. Finally, Wall Street Zen raised Endeavour Silver to a “sell” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Endeavour Silver has an average rating of “Buy” and an average price target of $6.63.

Endeavour Silver Trading Up 0.4%

NYSE:EXK opened at $4.82 on Thursday. The stock’s 50 day moving average price is $3.79 and its 200 day moving average price is $3.90. Endeavour Silver has a 52 week low of $2.46 and a 52 week high of $5.67. The company has a market capitalization of $1.40 billion, a P/E ratio of -37.08 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. On average, research analysts forecast that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $43,000. Farringdon Capital Ltd. bought a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $55,000. Hohimer Wealth Management LLC increased its holdings in Endeavour Silver by 28.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock valued at $56,000 after buying an additional 2,915 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $57,000. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

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.