Brokerages Set Endeavour Silver Corporation (NYSE:EXK) Target Price at $14.50

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.50.

A number of brokerages recently issued reports on EXK. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. HC Wainwright reiterated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of the business. Harbor Investment Advisory LLC increased its position in shares of Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after acquiring an additional 2,500 shares during the last quarter. VectorGlobal IAG Inc. acquired a new position in Endeavour Silver during the first quarter valued at approximately $317,000. Groupe la Francaise grew its stake in Endeavour Silver by 44.3% in the first quarter. Groupe la Francaise now owns 866,000 shares of the mining company’s stock valued at $8,054,000 after purchasing an additional 266,000 shares in the last quarter. Bank of America Corp DE grew its stake in Endeavour Silver by 85.4% in the first quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company’s stock valued at $25,198,000 after purchasing an additional 1,246,554 shares in the last quarter. Finally, Amundi increased its position in shares of Endeavour Silver by 122.0% during the 1st quarter. Amundi now owns 32,683 shares of the mining company’s stock worth $304,000 after purchasing an additional 17,959 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

Shares of NYSE EXK opened at $8.01 on Friday. The company has a fifty day moving average price of $9.06 and a 200 day moving average price of $10.19. The firm has a market cap of $2.37 billion, a PE ratio of -100.05 and a beta of 1.33. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Endeavour Silver has a 1-year low of $4.75 and a 1-year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.11. The firm had revenue of $209.70 million for the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Research analysts predict that Endeavour Silver will post 0.63 earnings per share for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.