HC Wainwright Reaffirms Buy Rating for Endeavour Silver (NYSE:EXK)

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a report released on Thursday,Benzinga reports. They currently have a $7.25 price objective on the mining company’s stock. HC Wainwright’s price objective would suggest a potential upside of 95.95% from the company’s previous close.

Several other equities research analysts also recently commented on EXK. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. Finally, Raymond James initiated coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Up 17.5 %

Shares of EXK stock opened at $3.70 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver has a fifty-two week low of $2.42 and a fifty-two week high of $5.67. The firm’s 50 day moving average price is $4.06 and its two-hundred day moving average price is $4.15. The stock has a market cap of $970.60 million, a price-to-earnings ratio of -28.46 and a beta of 1.47.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $69.90 million. On average, analysts anticipate that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after buying an additional 3,581,936 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $7,930,000. American Century Companies Inc. increased its holdings in shares of Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after acquiring an additional 1,937,150 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Endeavour Silver by 529.5% during the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after acquiring an additional 1,780,405 shares in the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.