Endeavour Silver (NYSE:EXK) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a research report released on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on EXK. BMO Capital Markets reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Monday, January 19th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Price Performance

NYSE EXK traded down $0.03 on Thursday, hitting $9.20. The stock had a trading volume of 5,026,867 shares, compared to its average volume of 6,511,923. Endeavour Silver has a 52-week low of $3.14 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.30 and a current ratio of 1.53. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -21.91 and a beta of 1.26. The firm has a 50-day moving average of $10.31 and a 200-day moving average of $9.95.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly 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 firm had revenue of $172.60 million during the quarter, compared to the consensus estimate of $227.99 million. Equities analysts expect that Endeavour Silver will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its position in Endeavour Silver by 389.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after buying an additional 3,647 shares during the period. Signaturefd LLC bought a new position in shares of Endeavour Silver in the fourth quarter worth $47,000. Andina Capital Management LLC bought a new position in shares of Endeavour Silver in the third quarter worth $89,000. Swiss Life Asset Management Ltd bought a new position in Endeavour Silver during the third quarter valued at about $92,000. Finally, Greenberg Financial Group bought a new position in Endeavour Silver during the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.