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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.50.

EXK has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. HC Wainwright reiterated a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, May 7th. Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Endeavour Silver by 1,631.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock valued at $33,720,000 after buying an additional 4,056,768 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after acquiring an additional 3,005,563 shares during the period. Balyasny Asset Management L.P. acquired a new position in Endeavour Silver during the third quarter worth $20,225,000. Condire Management LP raised its position in Endeavour Silver by 200.0% in the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after acquiring an additional 2,000,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Endeavour Silver by 18,554.9% in the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock worth $17,715,000 after acquiring an additional 1,892,600 shares in the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Trading Down 0.1%

NYSE:EXK opened at $8.55 on Friday. Endeavour Silver has a 12-month low of $4.75 and a 12-month high of $15.15. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $9.12 and its 200-day simple moving average is $10.20. The firm has a market cap of $2.53 billion, a P/E ratio of -106.87 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. The firm had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Equities analysts anticipate that Endeavour Silver will post 0.63 EPS for the current 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.