Endeavour Silver's (EXK) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated Endeavour Silver's (EXK) "sell (D-)" rating, highlighting persistent challenges in the company's profitability despite rising silver prices.
• Endeavour Silver reported a loss of $0.03 per share for the last quarter, missing analyst estimates, with a negative net margin of 28.49% and a projected EPS of -0.07 for the current fiscal year.
• Analysts have mixed ratings for EXK, with three "Strong Buy", four "Buy", one "Hold", and two "Sell" ratings, suggesting a generally cautious outlook on the stock's performance.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR's stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

EXK has been the topic of a number of other reports. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. HC Wainwright upped their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research report on Wednesday, July 9th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Zacks Research cut Endeavour Silver from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Finally, CIBC upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $8.33.

Endeavour Silver Stock Performance

Shares of EXK traded up $0.53 on Wednesday, reaching $8.27. 35,718,292 shares of the stock traded hands, compared to its average volume of 17,337,960. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -30.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $8.36. The stock's 50-day moving average price is $6.33 and its 200-day moving average price is $5.01.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The firm had revenue of $85.30 million for the quarter, compared to the consensus estimate of $81.48 million. Equities analysts forecast that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently made changes to their positions in EXK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 valued at $38,852,000 after acquiring an additional 1,274,094 shares during the period. Invesco Ltd. lifted its stake in shares of Endeavour Silver by 56.0% during the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock valued at $14,098,000 after acquiring an additional 1,185,100 shares during the period. Bastion Asset Management Inc. acquired a new position in shares of Endeavour Silver during the second quarter valued at $5,621,000. Azarias Capital Management L.P. acquired a new position in shares of Endeavour Silver during the second quarter valued at $5,606,000. Finally, Bank of America Corp DE lifted its stake in shares of Endeavour Silver by 186.5% during the second quarter. Bank of America Corp DE now owns 1,225,813 shares of the mining company's stock valued at $6,031,000 after acquiring an additional 798,005 shares during the period. 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.

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