Endeavour Silver (NYSE:EXK) Stock Rating Upgraded by TD Securities

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at TD Securities to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on EXK. HC Wainwright dropped their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.56.

Endeavour Silver Stock Up 24.3 %

Shares of EXK opened at $4.53 on Monday. The firm has a market cap of $1.19 billion, a P/E ratio of -34.81 and a beta of 1.55. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $3.82 and its 200 day moving average price is $4.02. Endeavour Silver has a 12-month low of $2.02 and a 12-month high of $5.67.

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

Hedge Funds Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver during the fourth quarter worth about $37,000. Schroder Investment Management Group purchased a new stake in Endeavour Silver during the fourth quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Endeavour Silver during the fourth quarter worth approximately $43,000. Farringdon Capital Ltd. purchased a new stake in Endeavour Silver during the fourth quarter worth approximately $55,000. Finally, Oxford Asset Management LLP purchased a new stake in Endeavour Silver during the fourth quarter worth approximately $57,000. 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.