Endeavour Silver Corporation (NYSE:EXK) Receives $13.88 Consensus Price Target from Analysts

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

A number of equities research analysts recently issued reports on the stock. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. iA Financial set a $11.00 target price on shares of Endeavour Silver in a research note on Friday, January 9th. HC Wainwright boosted their target price on shares of Endeavour Silver from $14.50 to $17.00 and gave the company a “buy” rating in a report on Monday, March 2nd. B. Riley Financial increased their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, National Bank Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in Endeavour Silver by 490.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,529 shares of the mining company’s stock valued at $52,000 after purchasing an additional 4,593 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Endeavour Silver by 23.8% during the 4th quarter. Mackenzie Financial Corp now owns 743,086 shares of the mining company’s stock worth $7,270,000 after purchasing an additional 142,923 shares during the period. Grand Central Investment Group purchased a new position in shares of Endeavour Silver during the 4th quarter worth $132,000. Empowered Funds LLC acquired a new stake in shares of Endeavour Silver during the 4th quarter worth about $486,000. Finally, XTX Topco Ltd increased its position in shares of Endeavour Silver by 217.5% during the 4th quarter. XTX Topco Ltd now owns 157,163 shares of the mining company’s stock worth $1,477,000 after purchasing an additional 107,668 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

NYSE EXK opened at $11.22 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.57 and a current ratio of 1.53. The stock’s fifty day moving average is $11.74 and its two-hundred day moving average is $9.16. The firm has a market capitalization of $3.32 billion, a P/E ratio of -26.71 and a beta of 1.16. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%.The company had revenue of $172.60 million during the quarter, compared to analyst estimates of $227.99 million. On average, research analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current 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.