Endeavour Silver (NYSE:EXK) Price Target Raised to $17.00 at HC Wainwright

Key Points

• HC Wainwright raised its price target on Endeavour Silver to $17.00 from $14.50 and maintains a "buy" rating, implying roughly a 22% upside from the recent close.
• Endeavour recently missed Q4 revenue and EPS (reported $0.02 vs. $0.03 expected; $172.6M revenue vs. $228M expected) and showed negative margins, yet analysts have a consensus Buy rating with an average price target of $14.50.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR had its price target lifted by stock analysts at HC Wainwright from $14.50 to $17.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the mining company's stock. HC Wainwright's price objective would indicate a potential upside of 22.27% from the company's previous close.

Other research analysts also recently issued reports about the company. Raymond James Financial reissued an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, January 14th. BMO Capital Markets reissued an "outperform" rating on shares of Endeavour Silver in a report on Monday, January 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Finally, National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $14.50.

Endeavour Silver Trading Down 0.9%

NYSE EXK opened at $13.90 on Monday. The company has a fifty day moving average of $11.53 and a 200 day moving average of $8.98. The company has a market capitalization of $4.11 billion, a PE ratio of -33.10 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. Endeavour Silver has a 1 year low of $2.95 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.34%. The company had revenue of $172.60 million for the quarter, compared to analysts' expectations of $227.99 million. Research analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in Endeavour Silver by 389.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company's stock valued at $43,000 after purchasing an additional 3,647 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of Endeavour Silver during the fourth quarter worth $47,000. Total Investment Management Inc. acquired a new stake in shares of Endeavour Silver in the second quarter valued at about $41,000. Greenberg Financial Group purchased a new position in shares of Endeavour Silver in the fourth quarter worth about $94,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Endeavour Silver in the fourth quarter worth about $96,000. 20.06% of the stock is owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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