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

Key Points

• Endeavour Silver Corporation (NYSE:EXK) has received a consensus recommendation of "Buy" from eight ratings firms, with varying degrees of optimism including one hold, four buy, and three strong buy ratings.
• The average target price for the stock among brokerages is approximately $8.33, indicating potential upside from its current trading price.
• Despite a loss of $0.03 per share reported for its last quarter, Endeavour Silver showed stronger-than-expected revenue of $85.3 million compared to forecasts of approximately $81.5 million.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR has earned a consensus recommendation of "Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.3333.

EXK has been the subject of several research analyst reports. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. HC Wainwright upped their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. CIBC upped their price target on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen cut Endeavour Silver from a "hold" rating to a "sell" rating in a report on Saturday, August 9th.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently modified their holdings of EXK. LPL Financial LLC raised its holdings in shares of Endeavour Silver by 1.0% in the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock worth $1,034,000 after buying an additional 2,661 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Endeavour Silver by 529.5% in the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after buying an additional 1,780,405 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Endeavour Silver by 82.4% in the 4th quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company's stock worth $677,000 after buying an additional 83,600 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $321,000. Finally, XTX Topco Ltd acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $401,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

NYSE EXK opened at $5.49 on Thursday. Endeavour Silver has a twelve month low of $2.76 and a twelve month high of $6.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.14. The stock has a market capitalization of $1.59 billion, a PE ratio of -21.12 and a beta of 1.23. The stock has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $4.32.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The business had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. Research analysts anticipate that Endeavour Silver will post -0.07 EPS for the current year.

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.

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