Endeavour Silver Corp. (NYSE:EXK) Receives Average Rating of “Moderate Buy” from Brokerages

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.63.

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. HC Wainwright boosted their price objective on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Alliance Global Partners boosted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Endeavour Silver Stock Down 1.3 %

Shares of NYSE:EXK opened at $4.70 on Tuesday. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The company has a 50 day moving average of $4.36 and a 200-day moving average of $3.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -36.15 and a beta of 1.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same quarter in the previous year, the company earned ($0.04) EPS. Endeavour Silver’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Endeavour Silver will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EXK. SG Americas Securities LLC lifted its stake in Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after purchasing an additional 4,046,065 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Endeavour Silver in the first quarter worth $19,008,000. Finally, Virtu Financial LLC lifted its position in shares of Endeavour Silver by 158.3% in the first quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock worth $355,000 after purchasing an additional 90,259 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.