Endeavour Silver (NYSE:EXK) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded Endeavour Silver to a "strong sell" from a "hold" in its latest research note.
• Analyst views are mixed—several firms maintain buy/outperform calls while the MarketBeat consensus remains a "Moderate Buy" with a $14.50 target price.
• Endeavour recently missed estimates, reporting $0.02 EPS vs. a $0.03 consensus and $172.6M revenue vs. $228M expected, and the stock trades around $9.47 amid negative net margins and ROE.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on EXK. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research note on Tuesday, December 9th. BMO Capital Markets reissued an "outperform" rating on shares of Endeavour Silver in a report on Monday, January 19th. iA Financial set a $11.00 price objective on Endeavour Silver in a research report on Friday, January 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a research note on Wednesday, January 21st. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Endeavour Silver currently has an average rating of "Moderate Buy" and a consensus target price of $14.50.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $9.47 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 1.30. The company has a market cap of $2.80 billion, a PE ratio of -22.54 and a beta of 1.16. The firm has a fifty day moving average price of $11.88 and a two-hundred day moving average price of $9.45. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. Analysts expect that Endeavour Silver will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company's stock worth $85,474,000 after buying an additional 3,005,563 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Endeavour Silver by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company's stock valued at $92,071,000 after acquiring an additional 261,196 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Endeavour Silver by 83.5% in the 4th quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company's stock worth $74,303,000 after acquiring an additional 3,594,123 shares in the last quarter. Condire Management LP boosted its holdings in shares of Endeavour Silver by 50.1% in the 4th quarter. Condire Management LP now owns 4,503,543 shares of the mining company's stock worth $42,333,000 after acquiring an additional 1,503,543 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in Endeavour Silver by 113.9% during the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company's stock worth $34,965,000 after acquiring an additional 2,374,365 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.