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

Key Points

• Analysts have given Endeavour Silver Corporation (NYSE:EXK) an average recommendation of “Buy”, with four analysts assigning a buy rating and three a strong buy rating.
• The company reported a quarterly loss of ($0.03) EPS, missing analysts' estimates, although it achieved revenue of $85.30 million for the quarter, exceeding expectations.
• Endeavour Silver's average 1-year price target is projected at $8.33, indicating potential for share price growth given its current trading levels.

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR have been given an average recommendation of "Buy" by the nine brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8.3333.

EXK has been the topic of a number of research reports. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research cut shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. HC Wainwright lifted their target price on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, CIBC upped their price target on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th.

Endeavour Silver Trading Down 1.6%

Shares of EXK stock opened at $7.63 on Friday. Endeavour Silver has a twelve month low of $2.95 and a twelve month high of $8.36. The stock's fifty day simple moving average is $6.14 and its 200 day simple moving average is $4.92. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.23 billion, a P/E ratio of -28.24 and a beta of 1.29.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The firm had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. As a group, sell-side analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXK. Public Employees Retirement System of Ohio raised its position in shares of Endeavour Silver by 3.0% during the second quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock worth $362,000 after purchasing an additional 2,129 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Endeavour Silver by 5.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company's stock valued at $203,000 after purchasing an additional 2,161 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after buying an additional 2,915 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Endeavour Silver by 23.9% in the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock valued at $113,000 after buying an additional 5,116 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Endeavour Silver by 3.8% during the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company's stock valued at $714,000 after buying an additional 5,303 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.