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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on 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 firms have recently issued reports on EXK. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. Zacks Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. B. Riley Financial raised their price objective on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $9.53 on Friday. The firm has a 50 day moving average of $11.31 and a 200-day moving average of $9.64. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -22.68 and a beta of 1.38. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Endeavour Silver has a 52 week low of $2.95 and a 52 week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. On average, equities analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of EXK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Endeavour Silver by 38.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after buying an additional 3,005,563 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Endeavour Silver by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock worth $92,071,000 after acquiring an additional 261,196 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Endeavour Silver by 83.5% during the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock worth $74,303,000 after acquiring an additional 3,594,123 shares in the last quarter. Condire Management LP raised its holdings in shares of 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 acquiring an additional 1,503,543 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in shares of Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after acquiring an additional 2,374,365 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

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.