Endeavour Silver Corporation (NYSE:EXK) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Endeavour Silver a “Moderate Buy” consensus: Six of nine analysts rate the stock a buy, one rates it a strong buy, while one each recommend holding or selling. The average 12-month price target is $14.50.
• Institutional ownership has increased: Several major investors, including BNP Paribas, Bank of America, Arrowstreet Capital and Renaissance Technologies, expanded their positions; institutions collectively own 20.06% of the company.
• Shares recently traded at $10.18, up 6.8%: Endeavour Silver reported quarterly EPS of $0.15, matching estimates, and revenue of $212.1 million, slightly above the $210.79 million consensus forecast.

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.50.

A number of research analysts recently weighed in on EXK shares. B. Riley Financial assumed coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They set a "buy" rating and a $14.00 price target on the stock. Wall Street Zen downgraded shares of Endeavour Silver from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. HC Wainwright reiterated a "buy" rating and issued a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Endeavour Silver by 42.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company's stock valued at $28,574,000 after purchasing an additional 910,378 shares during the period. Bank of America Corp DE boosted its holdings in shares of Endeavour Silver by 85.4% in the 1st 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 last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Endeavour Silver by 121.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company's stock worth $21,535,000 after buying an additional 1,268,035 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Endeavour Silver by 18,554.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company's stock worth $17,715,000 after buying an additional 1,892,600 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Endeavour Silver during the second quarter valued at about $10,192,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Trading Up 6.8%

NYSE EXK opened at $10.18 on Friday. The firm has a market capitalization of $3.01 billion, a P/E ratio of 48.45 and a beta of 1.43. The business has a fifty day simple moving average of $9.52 and a 200 day simple moving average of $9.46. Endeavour Silver has a 12 month low of $6.09 and a 12 month high of $15.15. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data 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 net margin of 9.30% and a return on equity of 17.46%. The firm had revenue of $212.10 million for the quarter, compared to the consensus estimate of $210.79 million. On average, analysts predict that Endeavour Silver will post 0.68 EPS for the current fiscal year.

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, project development, and exploration for additional deposits.

Endeavour Silver's operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.

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