Analysts Set Endeavour Silver Corporation (NYSE:EXK) PT at $14.50

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.50.

Several equities research analysts have weighed in on EXK shares. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. HC Wainwright reiterated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Finally, Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds have recently made changes to their positions in EXK. Vanguard Group Inc. lifted its stake in shares of Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after purchasing an additional 4,056,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after purchasing an additional 3,005,563 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Endeavour Silver during the 3rd quarter worth $20,225,000. Alps Advisors Inc. lifted its stake in shares of Endeavour Silver by 113.9% during the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after purchasing an additional 2,374,365 shares during the last quarter. Finally, Condire Management LP lifted its stake in shares of Endeavour Silver by 200.0% during the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after purchasing an additional 2,000,000 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Price Performance

Shares of EXK stock opened at $9.48 on Friday. Endeavour Silver has a twelve month low of $3.23 and a twelve month high of $15.15. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -118.42 and a beta of 1.26. The stock has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $10.08. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The business had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. On average, analysts predict that Endeavour Silver will post 0.63 EPS for the current fiscal year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.