Endeavour Silver Corporation (EXK) - What Are Analysts Saying About This Stock?

Key Points

• Analysts hold a Moderate Buy consensus on Endeavour Silver, with five buy ratings, one strong buy, and four holds. The average 12-month price target is $14.50.
• Recent analyst actions were mixed: HC Wainwright maintained a buy rating with a $17 target, while Citigroup and CIBC downgraded the stock to market perform and hold, respectively.
• Endeavour Silver reported quarterly EPS of $0.15, matching estimates, and revenue of $212.1 million, slightly above expectations. Shares recently traded at $8.56, within a 12-month range of $6.60 to $15.15.

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR have received a consensus recommendation of "Moderate Buy" from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.50.

Several research analysts have recently weighed in on the company. Citigroup downgraded Endeavour Silver to a "market perform" rating in a research note on Friday. Weiss Ratings upgraded Endeavour Silver from a "sell (d-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. HC Wainwright reissued a "buy" rating and issued a $17.00 price target on shares of Endeavour Silver in a research note on Friday. Canadian Imperial Bank of Commerce lowered shares of Endeavour Silver from an "outperform" rating to a "hold" rating in a report on Tuesday, September 22nd. Finally, B. Riley Financial began coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They set a "buy" rating and a $14.00 price objective for the company.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $8.56 on Tuesday. The firm has a market cap of $2.54 billion, a PE ratio of 40.79 and a beta of 1.41. Endeavour Silver has a twelve month low of $6.60 and a twelve month high of $15.15. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $9.93 and a 200 day moving average price of $9.28.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. The company had revenue of $212.10 million for the quarter, compared to the consensus estimate of $210.79 million. Sell-side analysts predict that Endeavour Silver will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. lifted its position in shares of Endeavour Silver by 223.5% in the second quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company's stock valued at $29,000 after acquiring an additional 2,418 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company's stock worth $33,000 after acquiring an additional 2,500 shares during the last quarter. Parvin Asset Management LLC increased its position in shares of Endeavour Silver by 1.0% during the first quarter. Parvin Asset Management LLC now owns 325,775 shares of the mining company's stock worth $3,033,000 after purchasing an additional 3,200 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Endeavour Silver during the second quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Endeavour Silver by 490.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,529 shares of the mining company's stock worth $52,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company produces silver and gold concentrates and related mineral products from underground mining and milling operations.

Endeavour Silver's operations and mineral projects are located primarily in Mexico. Its principal assets have included the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato, along with the Terronera project in Jalisco.

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