Endeavour Silver (NYSE:EXK) Price Target Raised to $8.75 at HC Wainwright

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR had its price objective hoisted by stock analysts at HC Wainwright from $7.25 to $8.75 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the mining company's stock. HC Wainwright's price objective suggests a potential upside of 50.34% from the stock's current price.

A number of other research firms also recently weighed in on EXK. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Raymond James Financial began coverage on Endeavour Silver in a research note on Friday, March 21st. They set an "outperform" rating for the company. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Finally, Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $7.50.

Endeavour Silver Stock Performance

EXK stock traded up $0.38 during midday trading on Wednesday, reaching $5.82. 15,342,325 shares of the company were exchanged, compared to its average volume of 9,146,194. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -22.38 and a beta of 1.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. Endeavour Silver has a one year low of $2.46 and a one year high of $5.87. The business has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $4.02.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The firm had revenue of $63.50 million for the quarter, compared to the consensus estimate of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. Equities research analysts forecast that Endeavour Silver will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Endeavour Silver by 1.0% during the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock worth $1,034,000 after buying an additional 2,661 shares during the period. Hohimer Wealth Management LLC raised its position in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after acquiring an additional 2,915 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Endeavour Silver by 23.9% in the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after acquiring an additional 5,116 shares during the period. Vident Advisory LLC boosted its holdings in Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock valued at $860,000 after acquiring an additional 6,441 shares during the last quarter. Finally, Cantor Fitzgerald L. P. increased its position in Endeavour Silver by 33.0% during the 4th quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock valued at $111,000 after purchasing an additional 7,500 shares during the period. 20.06% of the stock is currently owned by institutional investors.

About Endeavour Silver

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.