Analysts Set Endeavour Silver Corp (NYSE:EXK) Target Price at $3.38

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Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3.38.

Several research analysts recently weighed in on EXK shares. 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 report on Monday, August 19th. ValuEngine raised Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Wednesday, July 17th. Zacks Investment Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Noble Financial reissued a “hold” rating on shares of Endeavour Silver in a research report on Sunday, June 23rd.

NYSE:EXK traded up $0.02 during trading hours on Thursday, hitting $2.42. 1,956,627 shares of the company’s stock traded hands, compared to its average volume of 1,773,154. The firm has a market cap of $334.07 million, a P/E ratio of -26.89 and a beta of 0.19. Endeavour Silver has a twelve month low of $1.68 and a twelve month high of $3.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.54 and a current ratio of 3.28. The stock’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $2.27.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly 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 business had revenue of $29.38 million for the quarter, compared to analyst estimates of $28.00 million. Endeavour Silver had a negative net margin of 25.06% and a negative return on equity of 21.18%. On average, equities research analysts predict that Endeavour Silver will post -0.12 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake in Endeavour Silver by 16.2% during the 2nd quarter. Advisor Group Inc. now owns 32,144 shares of the mining company’s stock valued at $66,000 after purchasing an additional 4,493 shares during the period. Toronto Dominion Bank boosted its stake in Endeavour Silver by 164.5% during the 1st quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock valued at $93,000 after purchasing an additional 23,126 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Endeavour Silver by 6.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,026 shares of the mining company’s stock valued at $161,000 after purchasing an additional 5,000 shares during the period. Waratah Capital Advisors Ltd. bought a new stake in Endeavour Silver during the 1st quarter valued at approximately $443,000. Finally, Swiss National Bank boosted its stake in 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 period. Hedge funds and other institutional investors own 18.72% of the company’s stock.

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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