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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $6.63.

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

Endeavour Silver Stock Down 0.9 %

EXK opened at $4.06 on Friday. Endeavour Silver has a fifty-two week low of $2.42 and a fifty-two week 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. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -31.19 and a beta of 1.47. The firm’s fifty day moving average is $4.05 and its 200 day moving average is $4.15.

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

Institutional Investors Weigh In On Endeavour Silver

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in Endeavour Silver by 995.2% in the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company’s stock worth $4,325,000 after buying an additional 1,073,114 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Endeavour Silver during the 4th quarter worth about $543,000. Vident Advisory LLC grew its holdings in Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock valued at $860,000 after purchasing an additional 6,441 shares during the last quarter. Two Sigma Advisers LP raised its position in Endeavour Silver by 26.2% in the 4th quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company’s stock worth $765,000 after purchasing an additional 43,400 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of Endeavour Silver by 88.4% during the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company’s stock valued at $2,664,000 after buying an additional 341,468 shares during the period. 20.06% of the stock is 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.