Endeavour Silver (NYSE:EXK) Earns Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note published on Wednesday, TipRanks reports. They currently have a $8.00 price objective on the mining company’s stock.

Several other research firms have also recently commented on EXK. Roth Capital cut their target price on Endeavour Silver from $6.50 to $6.25 and set a buy rating on the stock in a research note on Tuesday, September 14th. Zacks Investment Research upgraded Endeavour Silver from a strong sell rating to a hold rating in a research note on Thursday, November 25th. BMO Capital Markets boosted their target price on Endeavour Silver from C$5.25 to C$6.00 and gave the company a market perform rating in a research note on Wednesday, November 10th. Finally, CIBC cut their target price on Endeavour Silver from C$8.25 to C$8.00 and set a neutral rating on the stock in a research note on Wednesday, November 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $6.98.

NYSE:EXK opened at $4.16 on Wednesday. Endeavour Silver has a fifty-two week low of $3.69 and a fifty-two week high of $7.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.97 and a quick ratio of 4.03. The stock has a market capitalization of $709.36 million, a PE ratio of 19.81 and a beta of 1.40. The business’s 50-day simple moving average is $4.59 and its 200-day simple moving average is $4.74.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Monday, November 8th. The mining company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). Endeavour Silver had a net margin of 19.34% and a return on equity of 5.55%. The business had revenue of $34.56 million for the quarter, compared to the consensus estimate of $40.63 million. On average, research analysts expect that Endeavour Silver will post 0.01 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. raised its stake in shares of Endeavour Silver by 25.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 4,800,963 shares of the mining company’s stock worth $19,593,000 after purchasing an additional 988,813 shares in the last quarter. Morgan Stanley increased its holdings in shares of Endeavour Silver by 105.5% during the 2nd quarter. Morgan Stanley now owns 2,138,081 shares of the mining company’s stock worth $13,084,000 after acquiring an additional 1,097,538 shares during the last quarter. PCJ Investment Counsel Ltd. increased its holdings in shares of Endeavour Silver by 0.8% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 757,920 shares of the mining company’s stock worth $3,102,000 after acquiring an additional 6,273 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Endeavour Silver by 12.3% during the 3rd quarter. Renaissance Technologies LLC now owns 685,873 shares of the mining company’s stock worth $2,805,000 after acquiring an additional 75,173 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $2,638,000. Institutional investors own 24.96% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property, Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and Parral project in Chihuahua, Mexico.

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Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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