HC Wainwright Forecasts Strong Price Appreciation for Endeavour Silver (NYSE:EXK) Stock

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

Other equities analysts also recently issued research reports about the stock. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Raymond James Financial initiated coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They issued an "outperform" rating for the company. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $7.50.

Endeavour Silver Stock Performance

NYSE EXK traded up $0.38 during trading hours on Wednesday, reaching $5.82. 15,342,325 shares of the company were exchanged, compared to its average volume of 9,162,656. Endeavour Silver has a 1 year low of $2.46 and a 1 year high of $5.87. The business's 50 day simple moving average is $4.31 and its 200-day simple moving average is $4.03. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.69 billion, a P/E ratio of -22.38 and a beta of 1.50.

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

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds have recently bought and sold shares of EXK. Raymond James Financial Inc. purchased a new position in Endeavour Silver during the fourth quarter valued at approximately $321,000. HighTower Advisors LLC grew its stake in Endeavour Silver by 28.3% during the fourth quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company's stock valued at $575,000 after acquiring an additional 34,700 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Endeavour Silver by 0.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock valued at $39,545,000 after acquiring an additional 99,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock valued at $23,858,000 after acquiring an additional 3,581,936 shares in the last quarter. Finally, Swiss National Bank grew its stake in Endeavour Silver by 2.1% during the fourth quarter. Swiss National Bank now owns 485,900 shares of the mining company's stock valued at $1,781,000 after acquiring an additional 9,800 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

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.