Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.00.
Several analysts have issued reports on EXK shares. Zacks Investment Research upgraded shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. HC Wainwright set a $6.00 price objective on shares of Endeavour Silver and gave the company a “buy” rating in a research note on Wednesday, March 28th. Finally, ValuEngine raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th.
Several large investors have recently modified their holdings of EXK. Ninepoint Partners LP raised its stake in shares of Endeavour Silver by 26.4% during the fourth quarter. Ninepoint Partners LP now owns 1,022,261 shares of the mining company’s stock valued at $2,443,000 after acquiring an additional 213,800 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Endeavour Silver by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 4,887,000 shares of the mining company’s stock valued at $11,680,000 after acquiring an additional 304,600 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Endeavour Silver during the fourth quarter valued at about $114,000. Millennium Management LLC bought a new position in Endeavour Silver in the fourth quarter worth about $1,351,000. Finally, LPL Financial LLC raised its stake in Endeavour Silver by 2,604.2% in the fourth quarter. LPL Financial LLC now owns 312,928 shares of the mining company’s stock worth $748,000 after buying an additional 301,356 shares in the last quarter. 19.46% of the stock is owned by hedge funds and other institutional investors.
Endeavour Silver traded up $0.05, hitting $3.21, during trading on Tuesday, according to Marketbeat.com. 1,226,487 shares of the company’s stock traded hands, compared to its average volume of 1,359,415. Endeavour Silver has a 12-month low of $1.94 and a 12-month high of $3.32. The firm has a market cap of $402.86 million, a price-to-earnings ratio of 40.13 and a beta of -0.04.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Thursday, May 3rd. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). Endeavour Silver had a net margin of 3.87% and a return on equity of 4.12%. The business had revenue of $40.33 million for the quarter, compared to analysts’ expectations of $37.86 million. equities analysts expect that Endeavour Silver will post 0.15 earnings per share for the current year.
Endeavour Silver Company Profile
Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.
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