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

Key Points

• Zacks Research upgraded Endeavour Silver from a "strong sell" to a "hold" rating, reflecting a shift in outlook for the company.
• The company's quarterly earnings showed a loss of ($0.03) per share, missing estimates, while revenue was reported at $85.30 million.
• Endeavour Silver has seen various investment firms adjust their ratings and target prices, with a consensus target price of $9.88 and a current average rating of "Moderate Buy."

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

Several other analysts also recently commented on the stock. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. CIBC increased their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a report on Wednesday, October 8th. HC Wainwright increased their target price on shares of Endeavour Silver from $8.75 to $9.75 and gave the company a "buy" rating in a report on Thursday, October 9th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Endeavour Silver in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $9.88.

Endeavour Silver Stock Performance

EXK opened at $8.09 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company's fifty day moving average price is $6.94 and its two-hundred day moving average price is $5.30. Endeavour Silver has a 1-year low of $2.95 and a 1-year high of $10.37. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -29.97 and a beta of 1.29.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released 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 for the quarter, compared to analyst estimates of $81.48 million. On average, analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of large investors have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. increased its holdings in Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company's stock worth $51,916,000 after buying an additional 223,457 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Endeavour Silver by 19.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company's stock worth $38,852,000 after buying an additional 1,274,094 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Endeavour Silver by 13.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company's stock worth $26,895,000 after buying an additional 643,641 shares during the last quarter. TD Asset Management Inc increased its holdings in Endeavour Silver by 19.9% during the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company's stock worth $21,927,000 after buying an additional 740,046 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Endeavour Silver by 56.0% during the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock worth $14,098,000 after buying an additional 1,185,100 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Company Profile

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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