Endeavour Silver (NYSE:EXK) Price Target Raised to $7.25 at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price lifted by analysts at HC Wainwright from $6.00 to $7.25 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 54.09% from the stock’s previous close.

Several other analysts also recently weighed in on the company. CIBC raised their target price on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Alliance Global Partners lifted their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Trading Down 1.4 %

NYSE EXK opened at $4.71 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The company’s 50 day moving average price is $4.10 and its 200 day moving average price is $3.78. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -67.20 and a beta of 1.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. Endeavour Silver’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, sell-side analysts predict that Endeavour Silver will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently bought and sold shares of EXK. SG Americas Securities LLC raised its position in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after acquiring an additional 4,046,065 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares during the period. Tidal Investments LLC acquired a new position in Endeavour Silver during the 1st quarter valued at about $19,008,000. Finally, Virtu Financial LLC grew its position in Endeavour Silver by 158.3% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.