Endeavour Silver (NYSE:EXK) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research analysts also recently issued reports on the company. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Price Performance

Shares of EXK opened at $7.51 on Friday. The company has a 50 day moving average price of $8.74 and a 200-day moving average price of $10.07. Endeavour Silver has a fifty-two week low of $4.91 and a fifty-two week high of $15.15. The stock has a market capitalization of $2.22 billion, a PE ratio of -93.81 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative net margin of 3.68% and a positive return on equity of 9.33%. Equities analysts predict that Endeavour Silver will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its stake in Endeavour Silver by 13.3% during the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after buying an additional 289,096 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Endeavour Silver in the first quarter worth about $100,000. Goldman Sachs Group Inc. grew its stake in shares of Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after acquiring an additional 747,556 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Endeavour Silver by 162.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after acquiring an additional 326,508 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Endeavour Silver by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after purchasing an additional 5,303 shares in the last quarter. 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.