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

Key Points

• Analyst consensus is “Moderate Buy”: Of 10 firms covering Endeavour Silver, five rate it Buy, one Strong Buy and four Hold. The average one-year price target is $14.
• Recent rating changes were mixed: HC Wainwright reiterated Buy with a $17 target, while Citigroup and CIBC moved their ratings to Hold or Market Perform.
• EXK opened at $7.83, within a 52-week range of $6.60 to $15.15; institutional investors own about 20.1% of the stock.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR has been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.00.

Several equities analysts have recently issued reports on EXK shares. Weiss Ratings raised Endeavour Silver from a "sell (d-)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd. HC Wainwright reissued a "buy" rating and issued a $17.00 price objective on shares of Endeavour Silver in a research note on Friday, October 9th. Citigroup lowered Endeavour Silver to a "market perform" rating in a report on Friday, October 9th. Wall Street Zen lowered shares of Endeavour Silver from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Endeavour Silver from an "outperform" rating to a "hold" rating in a research note on Tuesday, September 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its stake 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 buying an additional 2,418 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth approximately $29,000. Harbor Investment Advisory LLC boosted its position in Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company's stock valued at $33,000 after buying an additional 2,500 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Endeavour Silver during the third quarter worth about $34,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Endeavour Silver in the 1st quarter valued at approximately $55,000. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Trading Up 3.2%

Shares of EXK opened at $7.83 on Friday. Endeavour Silver has a 1 year low of $6.60 and a 1 year high of $15.15. The stock has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $9.67. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.32 billion, a PE ratio of 37.31 and a beta of 1.38.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company's activities include underground mining, mineral processing and exploration aimed at expanding its resource base and extending the life of its operations.

Endeavour Silver has historically operated in Mexico, with its principal assets including the Guanaceví mine in Durango and the Bolañitos mining district in Guanajuato.

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