Endeavour Silver (NYSE:EXK) Now Covered by Analysts at TD Securities

TD Securities started coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report released on Friday morning. The firm issued a buy rating on the mining company’s stock.

EXK has been the subject of several other reports. Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. HC Wainwright lifted their price target on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Price Performance

NYSE:EXK opened at $4.21 on Friday. The firm’s fifty day moving average is $4.56 and its two-hundred day moving average is $3.98. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -32.35 and a beta of 1.67. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its 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 positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. During the same period last year, the company earned ($0.04) earnings per share. Endeavour Silver’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts expect that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of EXK. Van ECK Associates Corp boosted its stake in shares of Endeavour Silver by 126.3% in the second quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after acquiring an additional 13,657,121 shares during the last quarter. TD Asset Management Inc purchased a new position in Endeavour Silver in the 2nd quarter valued at $9,452,000. National Bank of Canada FI boosted its stake in Endeavour Silver by 5,735.0% during the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after purchasing an additional 431,274 shares during the last quarter. U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver during the third quarter worth $1,382,000. Finally, Quest Partners LLC acquired a new stake in shares of Endeavour Silver in the third quarter valued at about $964,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.