Noble Financial Reiterates “Buy” Rating for Endeavour Silver (EXK)

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Noble Financial reaffirmed their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note published on Friday, October 12th.

Several other research firms have also issued reports on EXK. Zacks Investment Research upgraded Endeavour Silver from a strong sell rating to a hold rating in a research note on Wednesday, July 4th. ValuEngine lowered Endeavour Silver from a hold rating to a sell rating in a research note on Wednesday, July 11th. HC Wainwright restated a buy rating and issued a $6.00 price objective on shares of Endeavour Silver in a research note on Friday, August 3rd. Finally, TheStreet lowered Endeavour Silver from a c rating to a d+ rating in a research note on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $5.00.

EXK stock opened at $2.12 on Friday. The stock has a market cap of $274.84 million, a PE ratio of 26.50 and a beta of 0.08. Endeavour Silver has a fifty-two week low of $1.86 and a fifty-two week high of $3.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, October 31st. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $37.58 million for the quarter, compared to analyst estimates of $38.74 million. Endeavour Silver had a negative net margin of 3.86% and a negative return on equity of 2.44%. Research analysts anticipate that Endeavour Silver will post -0.04 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in EXK. Van ECK Associates Corp grew its position in Endeavour Silver by 2.8% during the second quarter. Van ECK Associates Corp now owns 10,401,422 shares of the mining company’s stock worth $32,452,000 after buying an additional 283,099 shares in the last quarter. Global X Management Co LLC grew its position in Endeavour Silver by 5.2% during the second quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock worth $5,984,000 after buying an additional 94,233 shares in the last quarter. Millennium Management LLC grew its position in Endeavour Silver by 37.8% during the first quarter. Millennium Management LLC now owns 778,969 shares of the mining company’s stock worth $1,893,000 after buying an additional 213,621 shares in the last quarter. Alps Advisors Inc. grew its position in Endeavour Silver by 156.9% during the second quarter. Alps Advisors Inc. now owns 717,708 shares of the mining company’s stock worth $2,239,000 after buying an additional 438,318 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Endeavour Silver by 79.8% during the first quarter. Guggenheim Capital LLC now owns 493,373 shares of the mining company’s stock worth $1,199,000 after buying an additional 218,954 shares in the last quarter. Institutional investors own 18.67% 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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