Endeavour Silver (NYSE:EXK) Given “Buy” Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report released on Wednesday morning,Benzinga reports. They currently have a $7.25 target price on the mining company’s stock.

Other analysts have also issued reports about the company. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Alliance Global Partners raised their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Up 0.3 %

Endeavour Silver stock traded up $0.01 during midday trading on Wednesday, hitting $3.71. 2,439,352 shares of the stock were exchanged, compared to its average volume of 5,546,266. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.01. The stock has a market capitalization of $973.21 million, a price-to-earnings ratio of -28.54 and a beta of 1.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same period in the prior year, the company posted ($0.04) earnings per share. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Endeavour Silver will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds have recently made changes to their positions in the business. Hohimer Wealth Management LLC bought a new stake in Endeavour Silver in the second quarter valued at $42,000. Blue Trust Inc. boosted its stake in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after purchasing an additional 8,389 shares in the last quarter. Oxbow Advisors LLC purchased a new position in shares of Endeavour Silver during the second quarter valued at about $51,000. Virtu Financial LLC bought a new position in Endeavour Silver in the third quarter worth about $80,000. Finally, Rathbones Group PLC lifted its holdings in Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares during the period. 20.06% of the stock is owned by hedge funds and other institutional investors.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.