Endeavour Silver’s (EXK) “Buy” Rating Reiterated at HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a research report issued on Thursday,Benzinga reports. They currently have a $17.00 price target on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 82.64% from the company’s current price.

A number of other analysts also recently commented on EXK. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. iA Financial set a $11.00 price objective on shares of Endeavour Silver in a report on Friday, January 9th. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Stock Up 8.4%

EXK stock opened at $9.31 on Thursday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -22.16 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.41. Endeavour Silver has a 12 month low of $3.14 and a 12 month high of $15.15. The firm has a 50-day moving average of $10.15 and a two-hundred day moving average of $9.95.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. As a group, analysts forecast that Endeavour Silver will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its holdings in Endeavour Silver by 389.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after purchasing an additional 3,647 shares during the last quarter. Signaturefd LLC acquired a new stake in Endeavour Silver in the 4th quarter valued at approximately $47,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Endeavour Silver in the 1st quarter valued at approximately $55,000. Andina Capital Management LLC acquired a new stake in Endeavour Silver in the 3rd quarter valued at approximately $89,000. Finally, Swiss Life Asset Management Ltd acquired a new stake in Endeavour Silver in the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.