Brokerages Set Endeavour Silver Corp. (NYSE:EXK) Target Price at $6.93

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has earned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.93.

EXK has been the subject of several research reports. Pi Financial upgraded shares of Endeavour Silver from a “neutral” rating to a “buy” rating in a research report on Thursday, April 8th. Zacks Investment Research cut Endeavour Silver from a “hold” rating to a “sell” rating in a report on Thursday, April 29th. Alliance Global Partners raised their price objective on Endeavour Silver from $6.00 to $6.75 and gave the stock a “buy” rating in a research note on Tuesday, March 2nd. TD Securities boosted their target price on Endeavour Silver from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Tuesday, March 2nd. Finally, Roth Capital increased their price target on Endeavour Silver from $5.75 to $6.00 and gave the company a “buy” rating in a research report on Thursday, February 4th.

A number of large investors have recently added to or reduced their stakes in the business. HighMark Wealth Management LLC purchased a new stake in shares of Endeavour Silver in the first quarter worth approximately $35,000. Laird Norton Trust Company LLC purchased a new stake in Endeavour Silver in the 4th quarter worth approximately $50,000. Glenmede Trust Co. NA purchased a new stake in Endeavour Silver in the 4th quarter worth approximately $50,000. Ground Swell Capital LLC acquired a new stake in shares of Endeavour Silver during the 1st quarter valued at $61,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Endeavour Silver during the 1st quarter valued at $63,000. 17.37% of the stock is currently owned by institutional investors.

Shares of NYSE EXK traded up $0.12 during mid-day trading on Tuesday, reaching $6.13. 3,912,892 shares of the company traded hands, compared to its average volume of 4,533,052. Endeavour Silver has a fifty-two week low of $1.35 and a fifty-two week high of $6.91. The firm has a market cap of $1.01 billion, a PE ratio of -23.12 and a beta of 1.55. The stock has a fifty day simple moving average of $5.47 and a 200-day simple moving average of $4.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.29.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Sunday, February 28th. The mining company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.08. Endeavour Silver had a negative return on equity of 22.17% and a negative net margin of 32.64%. The company had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $49.51 million. As a group, analysts predict that Endeavour Silver will post 0.05 EPS for the current fiscal year.

Endeavour Silver Company Profile

Endeavour Silver Corp., a mid-tier precious metals 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 and silver 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 Compas mine in Zacatecas.

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Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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