Endeavour Silver Corporation (NYSE:EXK) Receives $6.83 Average Target Price from Brokerages

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR has received an average recommendation of "Buy" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.83.

A number of equities analysts have recently issued reports on EXK shares. HC Wainwright restated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a research note on Wednesday, May 14th. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Raymond James Financial started coverage on Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating on the stock. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently made changes to their positions in EXK. Tidal Investments LLC lifted its position in shares of Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after acquiring an additional 3,869,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 valued at $23,858,000 after acquiring an additional 3,581,936 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Endeavour Silver in the fourth quarter valued at about $7,930,000. American Century Companies Inc. lifted its position in shares of Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock valued at $9,728,000 after acquiring an additional 1,937,150 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock valued at $7,747,000 after acquiring an additional 1,780,405 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Stock Performance

Shares of EXK stock traded down $0.11 on Wednesday, reaching $4.82. The stock had a trading volume of 10,435,221 shares, compared to its average volume of 8,921,686. The stock has a market cap of $1.39 billion, a P/E ratio of -18.52 and a beta of 1.42. Endeavour Silver has a 1 year low of $2.46 and a 1 year high of $5.67. 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 company has a 50 day simple moving average of $4.00 and a 200 day simple moving average of $3.94.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The firm had revenue of $63.50 million during the quarter, compared to analysts' expectations of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. Equities research analysts expect 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.