Endeavour Silver Corp (NYSE:EXK) Given Consensus Recommendation of “Buy” by Brokerages

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Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have received a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.25.

A number of analysts have recently weighed in on EXK shares. ValuEngine cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 25th. Noble Financial raised Endeavour Silver to a “buy” rating and set a $3.00 price target for the company in a research note on Monday, September 23rd. Finally, HC Wainwright upped their price target on Endeavour Silver from $3.00 to $4.25 and gave the company a “buy” rating in a research note on Monday, August 19th.

Endeavour Silver stock opened at $2.10 on Monday. The firm’s 50 day simple moving average is $2.52 and its 200-day simple moving average is $2.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.28 and a quick ratio of 2.54. Endeavour Silver has a fifty-two week low of $1.68 and a fifty-two week high of $3.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Thursday, August 8th. The mining company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $29.38 million during the quarter, compared to analysts’ expectations of $28.00 million. Endeavour Silver had a negative return on equity of 21.18% and a negative net margin of 25.06%. On average, analysts forecast that Endeavour Silver will post -0.12 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of EXK. Advisor Group Inc. increased its stake in Endeavour Silver by 16.2% during the second quarter. Advisor Group Inc. now owns 32,144 shares of the mining company’s stock worth $66,000 after acquiring an additional 4,493 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Endeavour Silver by 6.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,026 shares of the mining company’s stock worth $161,000 after buying an additional 5,000 shares during the period. Swiss National Bank lifted its holdings in shares of Endeavour Silver by 4.8% during the 2nd quarter. Swiss National Bank now owns 246,200 shares of the mining company’s stock valued at $508,000 after purchasing an additional 11,200 shares during the last quarter. Perritt Capital Management Inc. acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $782,000. Finally, ETF Managers Group LLC increased its position in shares of Endeavour Silver by 15.8% in the 2nd quarter. ETF Managers Group LLC now owns 768,634 shares of the mining company’s stock valued at $1,568,000 after acquiring an additional 104,716 shares during the period. 18.58% of the stock is owned by institutional investors.

About Endeavour Silver

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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