Endeavour Silver (EXK) Receives “Buy” Rating from Noble Financial

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Noble Financial reaffirmed their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a report released on Friday morning.

Other equities research analysts have also issued reports about the stock. HC Wainwright reiterated a buy rating and issued a $6.00 price objective on shares of Endeavour Silver in a research report on Friday, August 3rd. Zacks Investment Research lowered shares of Endeavour Silver from a hold rating to a strong sell rating in a research report on Wednesday, July 25th. ValuEngine lowered shares of Endeavour Silver from a hold rating to a sell rating in a research report on Wednesday, July 11th. Finally, TheStreet lowered shares of Endeavour Silver from a c rating to a d+ rating in a research report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $5.00.

Shares of Endeavour Silver stock traded down $0.07 on Friday, hitting $2.41. The company’s stock had a trading volume of 1,158,664 shares, compared to its average volume of 1,149,968. Endeavour Silver has a 52-week low of $1.94 and a 52-week high of $3.35. The firm has a market capitalization of $297.98 million, a PE ratio of 30.13 and a beta of -0.21.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Thursday, August 2nd. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Endeavour Silver had a return on equity of 0.23% and a net margin of 0.21%. The business had revenue of $38.77 million during the quarter, compared to analysts’ expectations of $40.70 million. As a group, research analysts forecast that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in EXK. Sigma Planning Corp lifted its holdings in Endeavour Silver by 44.4% in the 2nd quarter. Sigma Planning Corp now owns 94,906 shares of the mining company’s stock valued at $296,000 after purchasing an additional 29,178 shares in the last quarter. CIBC World Markets Inc. purchased a new position in Endeavour Silver in the 1st quarter valued at about $392,000. A.R.T. Advisors LLC lifted its holdings in Endeavour Silver by 1,204.3% in the 1st quarter. A.R.T. Advisors LLC now owns 165,013 shares of the mining company’s stock valued at $400,000 after purchasing an additional 152,362 shares in the last quarter. Raymond James & Associates purchased a new position in Endeavour Silver in the 2nd quarter valued at about $406,000. Finally, LPL Financial LLC lifted its holdings in Endeavour Silver by 6.9% in the 1st quarter. LPL Financial LLC now owns 334,472 shares of the mining company’s stock valued at $813,000 after purchasing an additional 21,544 shares in the last quarter. Institutional investors own 19.09% of the company’s stock.

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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