Zacks Investment Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.
According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “
EXK has been the subject of a number of other research reports. Noble Financial reissued a hold rating on shares of Endeavour Silver in a report on Sunday, June 23rd. HC Wainwright set a $7.00 target price on Armata Pharmaceuticals and gave the stock a buy rating in a report on Thursday, May 23rd. Finally, BMO Capital Markets reissued a hold rating on shares of Endeavour Silver in a report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $2.81.
Shares of Endeavour Silver stock traded down $0.05 on Wednesday, reaching $1.81. The company’s stock had a trading volume of 1,352,732 shares, compared to its average volume of 995,312. The company has a market cap of $261.36 million, a P/E ratio of -20.11 and a beta of 0.18. The company’s fifty day moving average price is $1.90. Endeavour Silver has a 52 week low of $1.68 and a 52 week high of $3.05. The company has a quick ratio of 2.57, a current ratio of 3.31 and a debt-to-equity ratio of 0.01.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Monday, May 6th. The mining company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.07). The business had revenue of $29.10 million during the quarter, compared to the consensus estimate of $32.66 million. Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. As a group, analysts expect that Endeavour Silver will post -0.1 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. grew its holdings in shares of Endeavour Silver by 93.5% in the fourth quarter. Advisor Group Inc. now owns 16,832 shares of the mining company’s stock worth $36,000 after acquiring an additional 8,132 shares during the period. Two Sigma Securities LLC grew its holdings in shares of Endeavour Silver by 200.1% in the fourth quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock worth $76,000 after acquiring an additional 23,479 shares during the period. Toronto Dominion Bank grew its holdings in shares of Endeavour Silver by 164.5% in the first quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock worth $93,000 after acquiring an additional 23,126 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in shares of Endeavour Silver in the fourth quarter worth $107,000. Finally, WESPAC Advisors LLC bought a new stake in shares of Endeavour Silver in the first quarter worth $126,000. 19.04% of the stock is owned by institutional investors.
About Endeavour Silver
Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.
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