Brokerages Set Endeavour Silver Corporation (NYSE:EXK) Target Price at $13.88

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.8750.

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday. HC Wainwright reiterated a “buy” rating and set a $14.50 price target (up previously from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, January 14th.

Endeavour Silver Stock Performance

Shares of EXK opened at $11.37 on Thursday. The company has a 50-day moving average of $10.53 and a two-hundred day moving average of $8.22. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -33.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. Endeavour Silver has a one year low of $2.95 and a one year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The business had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. On average, equities research analysts expect that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Endeavour Silver in the second quarter valued at $613,000. Y Intercept Hong Kong Ltd bought a new stake in Endeavour Silver during the 3rd quarter worth about $3,052,000. Abbington Investment Group acquired a new stake in Endeavour Silver in the 3rd quarter valued at about $2,944,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in Endeavour Silver by 583.3% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after acquiring an additional 140,870 shares in the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Endeavour Silver by 202.0% in the second quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after acquiring an additional 415,200 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.