Endeavour Silver (NYSE:EXK) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Endeavour Silver from “hold” to “buy,” adding to a generally positive analyst backdrop for the stock.
• Several other firms remain constructive, including HC Wainwright with a $17 price target; MarketBeat says the consensus rating is Moderate Buy with an average target price of $14.50.
• The company recently beat quarterly EPS estimates, reporting $0.21 per share versus $0.10 expected, though the stock was down about 1% and opened at $10.05.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other brokerages also recently issued reports on EXK. HC Wainwright reiterated a "buy" rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a report on Monday, April 20th. B. Riley Financial increased their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Finally, Raymond James Financial restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Endeavour Silver currently has a consensus rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver Stock Down 1.0%

Shares of Endeavour Silver stock opened at $10.05 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of -125.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 1.70. Endeavour Silver has a one year low of $3.14 and a one year high of $15.15. The firm has a fifty day moving average of $10.09 and a two-hundred day moving average of $9.96.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. On average, analysts forecast that Endeavour Silver will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group lifted its stake in shares of Endeavour Silver by 8.8% during the fourth quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company's stock valued at $107,000 after buying an additional 887 shares during the period. Quarry LP lifted its stake in shares of Endeavour Silver by 2.0% during the third quarter. Quarry LP now owns 74,258 shares of the mining company's stock valued at $582,000 after buying an additional 1,490 shares during the period. Aire Advisors LLC lifted its stake in shares of Endeavour Silver by 5.2% during the third quarter. Aire Advisors LLC now owns 31,547 shares of the mining company's stock valued at $247,000 after buying an additional 1,547 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Endeavour Silver by 15.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company's stock valued at $128,000 after buying an additional 1,836 shares during the period. Finally, Hohimer Wealth Management LLC lifted its stake in shares of Endeavour Silver by 16.6% during the third quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company's stock valued at $113,000 after buying an additional 2,050 shares during the period. Hedge funds and other institutional investors own 20.06% of the company's stock.

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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