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

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR had its price target lifted by stock analysts at HC Wainwright from $7.25 to $8.75 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the mining company's stock. HC Wainwright's target price suggests a potential upside of 60.70% from the stock's current price.

EXK has been the subject of a number of other reports. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Raymond James Financial began coverage on shares of Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating on the stock. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $7.33.

Endeavour Silver Trading Up 2.9%

Shares of EXK stock traded up $0.16 during trading hours on Wednesday, hitting $5.45. 10,621,772 shares of the company were exchanged, compared to its average volume of 9,121,395. The firm has a market cap of $1.58 billion, a P/E ratio of -20.94 and a beta of 1.50. Endeavour Silver has a fifty-two week low of $2.46 and a fifty-two week high of $5.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.14. The company has a 50 day simple moving average of $4.26 and a two-hundred day simple moving average of $4.02.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Schroder Investment Management Group bought a new stake in Endeavour Silver during the fourth quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Endeavour Silver during the fourth quarter worth $43,000. Farringdon Capital Ltd. bought a new stake in Endeavour Silver during the fourth quarter worth $55,000. Hohimer Wealth Management LLC lifted its holdings in 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 period. Finally, Oxford Asset Management LLP bought a new stake in Endeavour Silver during the fourth quarter worth $57,000. 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.