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

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR has earned an average recommendation of "Buy" from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.83.

Several research analysts recently commented on EXK shares. Wall Street Zen raised shares of Endeavour Silver to a "sell" rating in a research note on Wednesday, May 14th. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. Finally, National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th.

Endeavour Silver Stock Down 1.6%

Shares of NYSE EXK opened at $4.71 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.25. Endeavour Silver has a 52 week low of $2.46 and a 52 week high of $5.67. The firm's fifty day moving average is $3.94 and its 200 day moving average is $3.93. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -18.10 and a beta of 1.42.

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 the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The firm had revenue of $63.50 million during the quarter, compared to analysts' expectations of $83.10 million. On average, equities research analysts expect that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new position in Endeavour Silver in the 4th quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Endeavour Silver in the 4th quarter worth about $43,000. Farringdon Capital Ltd. purchased a new stake in shares of Endeavour Silver in the 4th quarter worth about $55,000. Hohimer Wealth Management LLC grew its position in shares of Endeavour Silver by 28.9% in the 1st 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 period. Finally, Oxford Asset Management LLP purchased a new stake in shares of Endeavour Silver in the 4th quarter worth about $57,000. 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.

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