HC Wainwright set a $6.00 price target on Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the mining company’s stock.
“Valuation for Guanaceví 175,640 $ HCW estimate Valuation for Bolañitos 173,403 $ HCW estimate Valuation for El Cubo 138,360 $ HCW estimate Valuation for El Compas 13,351 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”,” the firm’s analyst commented.
Several other equities analysts have also recently issued reports on EXK. Zacks Investment Research cut Endeavour Silver from a hold rating to a strong sell rating in a report on Tuesday, September 25th. TheStreet cut Endeavour Silver from a c rating to a d+ rating in a report on Monday, August 27th. Noble Financial set a $5.00 price target on Endeavour Silver and gave the company a buy rating in a report on Thursday, July 12th. Finally, ValuEngine cut Endeavour Silver from a hold rating to a sell rating in a report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $5.00.
Shares of EXK stock traded down $0.01 during trading hours on Thursday, hitting $2.12. 646,709 shares of the company’s stock were exchanged, compared to its average volume of 1,136,435. The stock has a market capitalization of $267.06 million, a PE ratio of 26.50 and a beta of -0.21. Endeavour Silver has a 52 week low of $1.86 and a 52 week high of $3.35.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Wednesday, October 31st. The mining company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $37.58 million for the quarter, compared to the consensus estimate of $38.74 million. Endeavour Silver had a return on equity of 0.23% and a net margin of 0.21%. Equities research analysts forecast that Endeavour Silver will post -0.03 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in Endeavour Silver by 6.9% in the first quarter. LPL Financial LLC now owns 334,472 shares of the mining company’s stock valued at $813,000 after acquiring an additional 21,544 shares during the last quarter. Sigma Planning Corp boosted its holdings in Endeavour Silver by 44.4% in the second quarter. Sigma Planning Corp now owns 94,906 shares of the mining company’s stock valued at $296,000 after acquiring an additional 29,178 shares during the last quarter. Global X Management Co LLC boosted its holdings in Endeavour Silver by 5.2% in the second quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock valued at $5,984,000 after acquiring an additional 94,233 shares during the last quarter. Raymond James & Associates bought a new position in Endeavour Silver in the second quarter valued at about $406,000. Finally, A.R.T. Advisors LLC boosted its holdings in Endeavour Silver by 1,204.3% in the first quarter. A.R.T. Advisors LLC now owns 165,013 shares of the mining company’s stock valued at $400,000 after acquiring an additional 152,362 shares during the last quarter. Institutional investors and hedge funds own 18.94% of the company’s stock.
About Endeavour Silver
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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