Endeavour Silver (NYSE:EXK) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Endeavour Silver (EXK) from a "strong sell" to a "hold" in its latest report.
• The stock carries a consensus rating of "Moderate Buy" with an average analyst target of $14.50, although individual ratings range from Strong Buy to Sell.
• Endeavour missed quarterly expectations (EPS $0.02 vs. $0.03 expected; revenue $172.6M vs. $228M expected) and shows a negative net margin (-27.52%), even as large institutions like Vanguard significantly increased holdings and institutional ownership sits around 20%.

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

Several other brokerages have also recently commented on EXK. BMO Capital Markets restated an "outperform" rating on shares of Endeavour Silver in a research report on Monday, January 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of Endeavour Silver in a report on Monday, April 20th. B. Riley Financial boosted their price target on Endeavour Silver from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, January 13th. HC Wainwright boosted their price target on Endeavour Silver from $14.50 to $17.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Endeavour Silver presently has a consensus rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver Stock Performance

NYSE EXK opened at $9.20 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.41. The firm's fifty day moving average price is $10.31 and its two-hundred day moving average price is $9.95. Endeavour Silver has a 1 year low of $3.14 and a 1 year high of $15.15. The firm has a market capitalization of $2.72 billion, a P/E ratio of -21.91 and a beta of 1.26.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results 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). The business had revenue of $172.60 million for the quarter, compared to analyst estimates of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. As a group, research analysts anticipate that Endeavour Silver will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Endeavour Silver by 1,631.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company's stock worth $33,720,000 after purchasing an additional 4,056,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 valued at $85,474,000 after buying an additional 3,005,563 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Endeavour Silver in the third quarter worth $20,225,000. Alps Advisors Inc. grew its stake in Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company's stock worth $34,965,000 after purchasing an additional 2,374,365 shares during the period. Finally, Condire Management LP grew its stake in Endeavour Silver by 200.0% in the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company's stock worth $23,520,000 after purchasing an additional 2,000,000 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

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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