HC Wainwright Issues Positive Forecast for Endeavour Silver (NYSE:EXK) Stock Price

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective lifted by HC Wainwright from $7.00 to $7.25 in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the mining company’s stock.

A number of other brokerages have also issued reports on EXK. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. Finally, TD Securities raised Endeavour Silver to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Endeavour Silver presently has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Up 2.7 %

EXK opened at $4.64 on Wednesday. Endeavour Silver has a 12 month low of $2.02 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market cap of $1.22 billion, a P/E ratio of -35.70 and a beta of 1.55. The stock’s 50 day moving average price is $3.84 and its 200 day moving average price is $4.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $42.20 million during the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. As a group, research analysts predict that Endeavour Silver will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently modified their holdings of EXK. Alpha Cubed Investments LLC purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $37,000. Schroder Investment Management Group purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $43,000. Farringdon Capital Ltd. purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $55,000. Finally, Oxford Asset Management LLP acquired a new stake in Endeavour Silver during the fourth quarter valued at $57,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

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.