Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.25.
EXK has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “hold” rating on shares of Endeavour Silver Corp in a report on Monday, January 9th. Zacks Investment Research lowered shares of Endeavour Silver Corp from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Noble Financial initiated coverage on shares of Endeavour Silver Corp in a report on Thursday, February 16th. They set a “buy” rating and a $5.50 price objective for the company. National Bank Financial reaffirmed a “sec perform spec market wgt” rating on shares of Endeavour Silver Corp in a report on Thursday, March 2nd. Finally, BMO Capital Markets raised shares of Endeavour Silver Corp from an “underperform” rating to a “market perform” rating and set a $5.00 price target for the company in a report on Tuesday, April 4th.
Hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new stake in Endeavour Silver Corp during the fourth quarter worth approximately $122,000. Dynamic Technology Lab Private Ltd acquired a new stake in Endeavour Silver Corp during the fourth quarter worth approximately $343,000. Bank of Montreal Can raised its stake in Endeavour Silver Corp by 912.4% in the first quarter. Bank of Montreal Can now owns 112,460 shares of the mining company’s stock worth $358,000 after buying an additional 101,352 shares in the last quarter. Spark Investment Management LLC raised its stake in Endeavour Silver Corp by 144.4% in the third quarter. Spark Investment Management LLC now owns 88,000 shares of the mining company’s stock worth $450,000 after buying an additional 52,000 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in Endeavour Silver Corp during the third quarter worth approximately $845,000. 32.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Endeavour Silver Corp (NYSE:EXK) traded up 0.65% during mid-day trading on Tuesday, reaching $3.11. The company had a trading volume of 2,179,823 shares. The company has a market capitalization of $395.31 million, a PE ratio of 103.67 and a beta of -0.09. Endeavour Silver Corp has a 52-week low of $2.84 and a 52-week high of $5.95. The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $3.92.
Endeavour Silver Corp (NYSE:EXK) last posted its quarterly earnings data on Thursday, March 2nd. The mining company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm had revenue of $28.70 million for the quarter, compared to analyst estimates of $32.44 million. Endeavour Silver Corp had a positive return on equity of 7.83% and a negative net margin of 74.40%. On average, analysts forecast that Endeavour Silver Corp will post $0.05 earnings per share for the current fiscal year.
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Endeavour Silver Corp Company Profile
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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