Endeavour Silver (EXK) PT Set at $3.00 by HC Wainwright

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HC Wainwright set a $3.00 target price on Endeavour Silver (NYSE:EXK) (TSE:EDR) in a report published on Thursday, TipRanks reports. The brokerage currently has a buy rating on the mining company’s stock.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Endeavour Silver from a buy rating to a hold rating in a research note on Thursday, April 18th. Noble Financial reaffirmed a buy rating and issued a $3.00 price target on shares of Endeavour Silver in a research note on Tuesday, April 16th. Finally, BMO Capital Markets reissued a hold rating on shares of Endeavour Silver in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $2.81.

Shares of Endeavour Silver stock opened at $1.74 on Thursday. The stock has a market capitalization of $227.59 million, a P/E ratio of -19.33 and a beta of -0.11. Endeavour Silver has a twelve month low of $1.70 and a twelve month high of $3.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 3.31.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Monday, May 6th. The mining company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.07). The company had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $32.66 million. Endeavour Silver had a negative net margin of 20.16% and a negative return on equity of 16.79%. Sell-side analysts forecast that Endeavour Silver will post -0.04 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of Endeavour Silver by 85.0% during the 1st quarter. Morgan Stanley now owns 2,453,753 shares of the mining company’s stock worth $6,184,000 after buying an additional 1,127,062 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Endeavour Silver by 11.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,645,225 shares of the mining company’s stock worth $14,226,000 after buying an additional 558,900 shares during the last quarter. Swiss National Bank increased its holdings in shares of Endeavour Silver by 5.8% during the 1st quarter. Swiss National Bank now owns 235,000 shares of the mining company’s stock worth $593,000 after buying an additional 12,900 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Endeavour Silver by 64.3% during the 1st quarter. Advisor Group Inc. now owns 27,651 shares of the mining company’s stock worth $70,000 after buying an additional 10,819 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Endeavour Silver by 6.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 319,282 shares of the mining company’s stock worth $805,000 after buying an additional 19,400 shares during the last quarter. Institutional investors and hedge funds own 19.39% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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