Endeavour Silver Corporation (NYSE:EXK) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Endeavour Silver Corporation has received a consensus recommendation of "Buy" from eight analysts, with a target price averaging $8.33 per share.
• The company reported a loss of $0.03 earnings per share for the last quarter, missing estimates, despite achieving revenues of $85.3 million.
• Institutional investors have increased their holdings in Endeavour Silver, with ownership now at 20.06% of the company's stock.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR has been given a consensus recommendation of "Buy" by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.3333.

A number of equities research analysts have issued reports on the stock. HC Wainwright boosted their target price on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. CIBC boosted their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd.

Endeavour Silver Trading Down 2.5%

Shares of EXK stock opened at $5.99 on Monday. The company's fifty day simple moving average is $5.55 and its two-hundred day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. Endeavour Silver has a 1 year low of $2.82 and a 1 year high of $6.74. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -22.17 and a beta of 1.30.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of Endeavour Silver in the second quarter worth $29,000. Total Investment Management Inc. bought a new position in shares of Endeavour Silver in the second quarter worth $41,000. Centric Wealth Management bought a new position in shares of Endeavour Silver in the second quarter worth $60,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Endeavour Silver in the fourth quarter worth $43,000. Finally, Hohimer Wealth Management LLC increased its holdings in shares of Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after purchasing an additional 2,915 shares during the period. Institutional investors 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.

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