Endeavour Silver Co. (NYSE:EXK) (TSE:EDR) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.00.
EXK has been the subject of several analyst reports. ValuEngine downgraded Endeavour Silver from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. HC Wainwright set a $6.00 price target on Endeavour Silver and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Finally, Noble Financial reiterated a “buy” rating on shares of Endeavour Silver in a research note on Thursday, January 11th.
Several large investors have recently added to or reduced their stakes in EXK. Goldman Sachs Group Inc. acquired a new position in shares of Endeavour Silver in the fourth quarter worth about $114,000. Essex Investment Management Co. LLC acquired a new position in shares of Endeavour Silver in the fourth quarter worth about $142,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Endeavour Silver by 622.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,556 shares of the mining company’s stock worth $194,000 after acquiring an additional 68,550 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Endeavour Silver in the third quarter worth about $226,000. Finally, Jane Street Group LLC lifted its stake in shares of Endeavour Silver by 66.5% in the third quarter. Jane Street Group LLC now owns 192,707 shares of the mining company’s stock worth $459,000 after acquiring an additional 76,937 shares in the last quarter. Institutional investors and hedge funds own 20.57% of the company’s stock.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Monday, February 26th. The mining company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Endeavour Silver had a return on equity of 6.78% and a net margin of 6.43%. The company had revenue of $41.64 million during the quarter, compared to the consensus estimate of $39.19 million. sell-side analysts expect that Endeavour Silver will post 0.16 earnings per share for the current fiscal year.
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Endeavour Silver Company Profile
Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.
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