Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $6.00.
EXK has been the subject of a number of research reports. HC Wainwright set a $6.00 target price on Endeavour Silver and gave the stock a “buy” rating in a research note on Thursday, November 16th. Noble Financial reissued a “buy” rating on shares of Endeavour Silver in a research note on Thursday, January 11th. BMO Capital Markets initiated coverage on Endeavour Silver in a research note on Friday, November 17th. They set a “market perform” rating for the company. ValuEngine cut Endeavour Silver from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research cut Endeavour Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th.
Shares of Endeavour Silver (EXK) traded down $0.04 during mid-day trading on Friday, hitting $2.39. The stock had a trading volume of 1,066,470 shares, compared to its average volume of 1,363,105. The company has a market cap of $316.17, a PE ratio of 29.88 and a beta of 0.06. Endeavour Silver has a one year low of $1.94 and a one year high of $3.73.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Monday, February 26th. The mining company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $41.64 million during the quarter, compared to analysts’ expectations of $39.19 million. Endeavour Silver had a return on equity of 6.78% and a net margin of 6.43%. analysts forecast that Endeavour Silver will post 0.16 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXK. Global X MANAGEMENT CO LLC increased its stake in Endeavour Silver by 8.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock worth $3,849,000 after purchasing an additional 122,180 shares in the last quarter. Ninepoint Partners LP bought a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $1,924,000. Van ECK Associates Corp grew its stake in shares of Endeavour Silver by 11.2% during the 3rd quarter. Van ECK Associates Corp now owns 9,370,190 shares of the mining company’s stock worth $22,301,000 after acquiring an additional 944,317 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $226,000. Finally, Jane Street Group LLC grew its stake in shares of Endeavour Silver by 66.5% during the 3rd quarter. Jane Street Group LLC now owns 192,707 shares of the mining company’s stock worth $459,000 after acquiring an additional 76,937 shares in the last quarter. 20.58% of the stock is owned by institutional investors and hedge funds.
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About Endeavour Silver
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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