Endeavour Silver (NYSE:EXK) Upgraded at Wall Street Zen

Key Points

• Endeavour Silver (NYSE:EXK) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, suggesting analysts are more optimistic about the stock's performance.
• CIBC raised its target price for Endeavour Silver shares from $7.25 to $10.00, reflecting increased confidence among several analyst firms following the recent upgrades.
• The company reported a revenue of $85.30 million in its last earnings release, exceeding expectations, but still posted a loss of ($0.03) earnings per share.

Wall Street Zen upgraded shares of Endeavour Silver (NYSE:EXK - Free Report) TSE: EDR from a sell rating to a hold rating in a research note issued to investors on Sunday.

A number of other research firms have also recently issued reports on EXK. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. HC Wainwright increased their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, CIBC increased their target price on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Trading Up 4.0%

Shares of Endeavour Silver stock traded up $0.2150 on Friday, reaching $5.6250. 7,964,767 shares of the company's stock were exchanged, compared to its average volume of 9,412,496. The company has a market capitalization of $1.63 billion, a P/E ratio of -20.83 and a beta of 1.23. Endeavour Silver has a 52 week low of $2.76 and a 52 week high of $6.04. The firm's 50-day moving average is $5.28 and its two-hundred day moving average is $4.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93.

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

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in Endeavour Silver by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock valued at $362,000 after buying an additional 2,129 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of 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 valued at $203,000 after purchasing an additional 2,161 shares during the last quarter. LPL Financial LLC increased its position in shares of Endeavour Silver by 1.0% during the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock valued at $1,034,000 after purchasing an additional 2,661 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock valued at $113,000 after purchasing an additional 5,116 shares during the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.