Endeavour Silver Corporation (NYSE:EXK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong 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 $14.50.

A number of research analysts recently issued reports on EXK shares. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. HC Wainwright reiterated a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday, May 7th. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Endeavour Silver by 38.1% in 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 period. Van ECK Associates Corp boosted its stake in Endeavour Silver by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock worth $92,071,000 after purchasing an additional 261,196 shares during the period. Vanguard Group Inc. boosted its stake in Endeavour Silver by 83.5% in the 4th quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock worth $74,303,000 after purchasing an additional 3,594,123 shares during the period. Condire Management LP boosted its stake in Endeavour Silver by 50.1% in the 4th quarter. Condire Management LP now owns 4,503,543 shares of the mining company’s stock worth $42,333,000 after purchasing an additional 1,503,543 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Endeavour Silver by 42.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock worth $28,574,000 after purchasing an additional 910,378 shares during the period. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Trading Up 1.9%

Shares of NYSE:EXK opened at $9.29 on Wednesday. The stock has a 50 day moving average of $9.47 and a 200 day moving average of $10.26. The company has a market cap of $2.75 billion, a PE ratio of -116.07 and a beta of 1.28. 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 has a 12-month low of $4.53 and a 12-month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. As a group, equities research analysts expect that Endeavour Silver will post 0.63 EPS for the current year.

About Endeavour Silver

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.