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

Shares of Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR have been assigned a consensus recommendation of "Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.63.

A number of equities analysts have commented on EXK shares. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. HC Wainwright restated a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a research note on Wednesday, May 14th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Wall Street Zen raised Endeavour Silver to a "sell" rating in a report on Wednesday, May 14th. Finally, Raymond James began coverage on Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating for the company.

Endeavour Silver Stock Performance

EXK stock traded up $0.37 during midday trading on Friday, reaching $3.98. The company had a trading volume of 25,126,231 shares, compared to its average volume of 11,379,049. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $3.64 and a 200 day moving average price of $3.89. Endeavour Silver has a fifty-two week low of $2.46 and a fifty-two week high of $5.67. The firm has a market capitalization of $1.15 billion, a PE ratio of -30.58 and a beta of 1.50.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. Analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after purchasing an additional 3,869,920 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Endeavour Silver by 0.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock worth $39,545,000 after purchasing an additional 99,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Endeavour Silver by 11.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company's stock worth $28,279,000 after purchasing an additional 680,802 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Endeavour Silver by 122.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after purchasing an additional 3,581,936 shares during the period. Finally, TD Asset Management Inc lifted its position in Endeavour Silver by 12.1% in the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock worth $15,865,000 after purchasing an additional 401,394 shares during the period. 20.06% of the stock is currently owned by institutional investors.

About Endeavour Silver

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.