Brokerages Set Endeavour Silver Corp. (NYSE:EXK) Target Price at $6.63

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have earned an average rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.63.

A number of analysts have recently commented on EXK shares. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Wednesday, December 18th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Finally, TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company.

Endeavour Silver Price Performance

EXK stock opened at $3.88 on Wednesday. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -29.85 and a beta of 1.64. The company has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Research analysts anticipate that Endeavour Silver will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EXK. TD Asset Management Inc acquired a new stake in Endeavour Silver during the second quarter worth approximately $9,452,000. Van ECK Associates Corp increased its stake in shares of Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after acquiring an additional 658,215 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Endeavour Silver by 5,735.0% during the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after acquiring an additional 431,274 shares during the period. U S Global Investors Inc. acquired a new position in shares of Endeavour Silver during the 3rd quarter valued at $1,382,000. Finally, Quest Partners LLC bought a new position in Endeavour Silver during the third quarter worth $964,000. 20.06% of the stock is 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.