Endeavour Silver (NYSE:EXK) Stock Rating Lowered by Wall Street Zen

Endeavour Silver (NYSE:EXK) (TSE:EDR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also issued reports on EXK. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, HC Wainwright reiterated a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Trading Down 1.0%

Endeavour Silver stock opened at $7.42 on Friday. Endeavour Silver has a 52-week low of $4.91 and a 52-week high of $15.15. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -92.68 and a beta of 1.33. The firm has a 50-day moving average price of $8.82 and a two-hundred day moving average price of $10.08.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. Sell-side analysts expect that Endeavour Silver will post 0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC raised its position in Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock worth $33,000 after acquiring an additional 2,500 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after purchasing an additional 3,647 shares in the last quarter. Signaturefd LLC bought a new stake in Endeavour Silver during the fourth quarter worth approximately $47,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Endeavour Silver during the 1st quarter valued at $55,000. Finally, Swiss Life Asset Management Ltd bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $92,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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.