Endeavour Silver Corp. (NYSE:EXK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.13.

EXK has been the subject of a number of recent research reports. BMO Capital Markets assumed coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective for the company. HC Wainwright cut their price target on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a research note on Friday, August 2nd. Alliance Global Partners upped their price objective on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, CIBC increased their target price on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th.

Endeavour Silver Stock Performance

NYSE:EXK opened at $4.07 on Monday. The firm’s 50-day moving average is $3.47 and its 200-day moving average is $3.35. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -203.50 and a beta of 1.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $58.30 million during the quarter, compared to analyst estimates of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS. Equities research analysts anticipate that Endeavour Silver will post 0.04 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Several large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in Endeavour Silver by 53.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock worth $416,000 after acquiring an additional 41,300 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Endeavour Silver during the second quarter worth $314,000. XTX Topco Ltd increased its stake in shares of Endeavour Silver by 768.2% in the second quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after buying an additional 89,288 shares in the last quarter. Perissos Private Wealth Management LLC raised its holdings in shares of Endeavour Silver by 58.2% in the second quarter. Perissos Private Wealth Management LLC now owns 47,683 shares of the mining company’s stock valued at $168,000 after buying an additional 17,550 shares during the last quarter. Finally, Rathbones Group PLC raised its holdings in shares of Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after buying an additional 8,500 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Company Profile

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.