Endeavour Silver Corp. (NYSE:EXK) Receives $6.63 Consensus Target Price from Brokerages

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.63.

Several research analysts have issued reports on EXK shares. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a report on Thursday, April 10th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Raymond James assumed coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating for the company. Finally, StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 28th.

Endeavour Silver Stock Performance

Shares of EXK opened at $4.06 on Friday. Endeavour Silver has a 52 week low of $2.42 and a 52 week high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.11 billion, a P/E ratio of -31.19 and a beta of 1.47. The business’s 50 day moving average price is $4.05 and its 200-day moving average price is $4.15.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in shares of Endeavour Silver by 52.9% in the 4th 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 in the last quarter. Jupiter Asset Management Ltd. increased its position in Endeavour Silver by 0.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock worth $39,545,000 after buying an additional 99,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Endeavour Silver by 122.1% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Endeavour Silver by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock worth $21,748,000 after buying an additional 288,166 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Endeavour Silver by 268.9% during 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 buying an additional 1,937,150 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors.

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.