Endeavour Silver Corporation (NYSE:EXK) Receives Average Rating of "Buy" from Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR have been given a consensus rating of "Buy" by the eight ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $8.33.

A number of research firms have issued reports on EXK. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. CIBC reaffirmed a "neutral" rating and set a $10.00 price objective (up from $7.25) on shares of Endeavour Silver in a research report on Tuesday, July 15th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, HC Wainwright raised their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research note on Wednesday, July 9th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXK. Public Employees Retirement System of Ohio boosted its position in shares of Endeavour Silver by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock valued at $362,000 after purchasing an additional 2,129 shares during the period. LPL Financial LLC increased its position in shares of Endeavour Silver by 1.0% in the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock worth $1,034,000 after acquiring an additional 2,661 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after acquiring an additional 2,915 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Endeavour Silver by 23.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock valued at $113,000 after acquiring an additional 5,116 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in Endeavour Silver in the 2nd quarter worth approximately $29,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

Shares of EXK opened at $5.38 on Friday. The business's 50-day moving average is $4.52 and its two-hundred day moving average is $4.10. The company has a market capitalization of $1.56 billion, a P/E ratio of -20.69 and a beta of 1.50. Endeavour Silver has a fifty-two week low of $2.46 and a fifty-two week 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.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. Research analysts predict that Endeavour Silver will post -0.07 earnings per share 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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