Endeavour Silver (NYSE:EXK) Given Buy Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $17.00 price objective on the mining company’s stock.

Other equities analysts have also recently issued reports about the company. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Finally, Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Stock Up 6.6%

EXK opened at $8.23 on Thursday. The company has a fifty day moving average price of $9.00 and a 200-day moving average price of $10.17. The firm has a market capitalization of $2.44 billion, a P/E ratio of -102.81 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. Endeavour Silver has a one year low of $4.91 and a one year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released 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. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $200.41 million. Equities research analysts expect that Endeavour Silver will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its position in Endeavour Silver by 13.3% in the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after acquiring an additional 289,096 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Endeavour Silver during the first quarter valued at about $100,000. Goldman Sachs Group Inc. lifted its stake in Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after purchasing an additional 747,556 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Endeavour Silver by 162.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock worth $2,252,000 after purchasing an additional 326,508 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Endeavour Silver by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after purchasing an additional 5,303 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.