Endeavour Silver (NYSE:EXK) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Endeavour Silver (NYSE:EXK) received a reaffirmed "sell (D-)" rating from Weiss Ratings, indicating significant concerns regarding the stock's performance.
• Despite the negative rating, other analysts have varying opinions, with three rating it a strong buy, and average ratings suggesting a moderate buy with a target price of $9.88.
• The company's recent earnings report showed a loss of ($0.03) per share, missing expectations, and a revenue of $85.30 million, surpassing analyst estimates of $81.48 million.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR's stock had its "sell (d-)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the stock. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. HC Wainwright lifted their price objective on shares of Endeavour Silver from $8.75 to $9.75 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Raymond James Financial reiterated an "outperform" rating on shares of Endeavour Silver in a research note on Friday, October 10th. Zacks Research upgraded shares of Endeavour Silver from a "strong sell" rating to a "hold" rating in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $9.88.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $8.10 on Friday. Endeavour Silver has a twelve month low of $2.95 and a twelve month high of $10.37. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $5.39. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -29.98 and a beta of 1.29.

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

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently made changes to their positions in EXK. Public Employees Retirement System of Ohio increased its position in Endeavour Silver by 3.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock worth $362,000 after purchasing an additional 2,129 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Endeavour Silver by 5.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company's stock worth $203,000 after purchasing an additional 2,161 shares in the last quarter. Hohimer Wealth Management LLC increased its position in Endeavour Silver by 28.9% during the 1st 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 in the last quarter. Atria Wealth Solutions Inc. increased its position in Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after purchasing an additional 5,116 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company's stock worth $714,000 after purchasing an additional 5,303 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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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