Endeavour Silver (NYSE:EXK) Stock Gets Price Target Cut from HC Wainwright

Key Points

• HC Wainwright lowered Endeavour Silver’s price target from $17.00 to $16.75 but maintained a Buy rating; its new target implies about 100% upside from the stock’s current price.
• Analyst views are mixed: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $13.92, with one Strong Buy, five Buy, and four Hold ratings.
• Endeavour reported quarterly EPS of $0.14, beating the $0.09 consensus estimate, while revenue of $184.5 million came in below analysts’ $197 million forecast.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR had its price objective decreased by equities research analysts at HC Wainwright from $17.00 to $16.75 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the mining company's stock. HC Wainwright's price objective would indicate a potential upside of 100.48% from the stock's current price.

Several other research firms also recently weighed in on EXK. Wall Street Zen downgraded Endeavour Silver from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. B. Riley Financial assumed coverage on Endeavour Silver in a research report on Monday, August 3rd. They set a "buy" rating and a $14.00 price objective on the stock. Citigroup cut Endeavour Silver to a "market perform" rating in a report on Friday, October 9th. Canadian Imperial Bank of Commerce downgraded Endeavour Silver from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 22nd. Finally, Weiss Ratings raised Endeavour Silver from a "sell (d-)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Endeavour Silver has an average rating of "Moderate Buy" and a consensus price target of $13.92.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $8.36 on Tuesday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 39.79 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $8.94 and a 200 day simple moving average of $9.65. Endeavour Silver has a one year low of $6.91 and a one year high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Monday, November 9th. The mining company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $184.50 million for the quarter, compared to analyst estimates of $197.00 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. Research analysts predict that Endeavour Silver will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. Bank of America Corp DE increased its position in shares of Endeavour Silver by 85.4% during the first quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company's stock worth $25,198,000 after buying an additional 1,246,554 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Endeavour Silver by 121.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company's stock valued at $21,535,000 after acquiring an additional 1,268,035 shares during the last quarter. Renaissance Technologies LLC boosted its position in Endeavour Silver by 18,554.9% during the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company's stock valued at $17,715,000 after acquiring an additional 1,892,600 shares during the last quarter. Deutsche Bank AG bought a new stake in Endeavour Silver during the second quarter valued at $10,192,000. Finally, Groupe la Francaise grew its holdings in Endeavour Silver by 44.3% during the 1st quarter. Groupe la Francaise now owns 866,000 shares of the mining company's stock worth $8,054,000 after acquiring an additional 266,000 shares during the period. 20.06% of the stock is owned by institutional investors.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian mining company that acquires, explores, develops and operates silver and gold properties. Founded in 2004, the company focuses on producing precious metals and expanding its portfolio through mine development and exploration.

Its mining and development activities have centered on Mexico, including the Guanaceví and Bolañitos operations and the Terronera project. Endeavour has also expanded into Peru through its acquisition of the Kolpa mine, which produces silver as well as lead, zinc and copper.

Endeavour Silver is headquartered in Vancouver, British Columbia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.