Endeavour Silver (NYSE:EXK) Earns "Buy" Rating from HC Wainwright

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR's stock had its "buy" rating reaffirmed by HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $7.25 price target on the mining company's stock. HC Wainwright's target price would indicate a potential upside of 118.70% from the company's current price.

A number of other brokerages also recently commented on EXK. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. StockNews.com raised Endeavour Silver to a "sell" rating in a report on Friday, February 28th. TD Securities raised Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. Finally, Raymond James assumed coverage on Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $6.63.

Endeavour Silver Stock Up 2.0%

Shares of EXK stock traded up $0.07 during trading hours on Wednesday, reaching $3.32. The company had a trading volume of 4,352,675 shares, compared to its average volume of 7,720,160. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver has a twelve month low of $2.46 and a twelve month high of $5.67. The company has a market capitalization of $959.83 million, a P/E ratio of -25.50 and a beta of 1.50. The stock's fifty day simple moving average is $3.87 and its 200 day simple moving average is $3.96.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its 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). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. As a group, sell-side analysts expect that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group bought a new stake in shares of Endeavour Silver in the 4th quarter worth approximately $36,000. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver in the 4th quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Endeavour Silver during the 4th quarter valued at $43,000. Farringdon Capital Ltd. acquired a new position in shares of Endeavour Silver during the 4th quarter valued at $55,000. Finally, Hohimer Wealth Management LLC increased its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares during the period. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Company Profile

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.