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 report sent to investors on Sunday morning.

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

Endeavour Silver Stock Down 4.8%

Shares of EXK stock traded down $0.2670 during trading hours on Friday, hitting $5.3030. 8,604,043 shares of the company were exchanged, compared to its average volume of 11,813,864. The business has a 50 day moving average of $5.25 and a two-hundred day moving average of $4.37. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. Endeavour Silver has a 52 week low of $2.76 and a 52 week high of $6.04. The company has a market capitalization of $1.54 billion, a PE ratio of -19.64 and a beta of 1.23.

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 (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company 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%. Analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of EXK. ORG Partners LLC acquired a new stake in shares of Endeavour Silver in the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Endeavour Silver in the 4th quarter valued at approximately $43,000. Farringdon Capital Ltd. bought a new position in Endeavour Silver in the 4th quarter valued at approximately $55,000. Hohimer Wealth Management LLC lifted its stake in Endeavour Silver by 28.9% in 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, Oxford Asset Management LLP bought a new position in Endeavour Silver in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds 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.