HC Wainwright set a $3.00 target price on Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note published on Tuesday, February 26th. The brokerage currently has a buy rating on the mining company’s stock.
A number of other research analysts have also commented on EXK. Zacks Investment Research upgraded Endeavour Silver from a strong sell rating to a hold rating in a report on Wednesday, February 6th. Noble Financial raised Endeavour Silver from a market perform rating to an outperform rating and set a $3.00 target price on the stock in a research note on Monday, January 14th. Roth Capital assumed coverage on Endeavour Silver in a research note on Tuesday, December 11th. They issued a buy rating and a $2.50 target price on the stock. ValuEngine raised Endeavour Silver from a sell rating to a hold rating in a research note on Friday, December 7th. Finally, BMO Capital Markets reissued a hold rating on shares of Endeavour Silver in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Endeavour Silver has an average rating of Buy and an average target price of $2.83.
NYSE EXK traded down $0.03 during mid-day trading on Tuesday, hitting $2.77. The company’s stock had a trading volume of 1,235,595 shares, compared to its average volume of 1,148,750. Endeavour Silver has a 52-week low of $1.76 and a 52-week high of $3.35. The firm has a market capitalization of $362.26 million, a price-to-earnings ratio of -30.78 and a beta of -0.04.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Monday, February 25th. The mining company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Endeavour Silver had a negative net margin of 8.29% and a negative return on equity of 5.70%. As a group, sell-side analysts anticipate that Endeavour Silver will post 0.02 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in Endeavour Silver by 93.5% in the 4th quarter. Advisor Group Inc. now owns 16,832 shares of the mining company’s stock valued at $36,000 after acquiring an additional 8,132 shares in the last quarter. Ancora Advisors LLC grew its holdings in Endeavour Silver by 2.4% during the fourth quarter. Ancora Advisors LLC now owns 385,687 shares of the mining company’s stock valued at $829,000 after purchasing an additional 9,210 shares during the period. Creative Planning bought a new position in Endeavour Silver during the fourth quarter valued at $33,000. Two Sigma Advisers LP grew its holdings in Endeavour Silver by 27.2% during the fourth quarter. Two Sigma Advisers LP now owns 76,200 shares of the mining company’s stock valued at $164,000 after purchasing an additional 16,300 shares during the period. Finally, National Asset Management Inc. bought a new position in Endeavour Silver during the fourth quarter valued at $39,000. 19.47% of the stock is owned by institutional investors.
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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