Endeavour Silver (NYSE:EXK) Upgraded to Strong-Buy at Cibc Captl Mkts

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by equities research analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on EXK. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. HC Wainwright increased their price target on Endeavour Silver from $9.75 to $11.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $13.50.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock opened at $8.18 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $5.61. Endeavour Silver has a 1-year low of $2.95 and a 1-year high of $10.37. The company has a market cap of $2.40 billion, a P/E ratio of -30.28 and a beta of 1.29.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The business had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. As a group, analysts anticipate that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Endeavour Silver by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock valued at $362,000 after buying an additional 2,129 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Endeavour Silver by 5.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock valued at $203,000 after acquiring an additional 2,161 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in Endeavour Silver by 28.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock valued at $56,000 after acquiring an additional 2,915 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in Endeavour Silver by 23.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company’s stock valued at $113,000 after acquiring an additional 5,116 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Endeavour Silver by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock valued at $714,000 after acquiring an additional 5,303 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.