Endeavour Silver Corporation (NYSE:EXK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.50.

Several brokerages recently commented on EXK. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. HC Wainwright reissued a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in Endeavour Silver during the 2nd quarter worth about $107,000. Harbor Investment Advisory LLC increased its holdings in shares of Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after purchasing an additional 2,500 shares during the period. VectorGlobal IAG Inc. acquired a new position in shares of Endeavour Silver in the 1st quarter valued at about $317,000. Groupe la Francaise lifted its position in shares of Endeavour Silver by 44.3% in the first quarter. Groupe la Francaise now owns 866,000 shares of the mining company’s stock worth $8,054,000 after purchasing an additional 266,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of 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 worth $25,198,000 after purchasing an additional 1,246,554 shares in the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

EXK stock opened at $7.53 on Thursday. 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 one year low of $4.91 and a one year high of $15.15. The firm has a market capitalization of $2.23 billion, a PE ratio of -94.13 and a beta of 1.33. The firm has a 50-day moving average of $8.43 and a two-hundred day moving average of $9.98.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. On average, analysts forecast that Endeavour Silver will post 0.64 earnings per share for the current year.

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.