Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective increased by BMO Capital Markets from $2.80 to $3.50 in a research report sent to investors on Friday morning, The Fly reports. BMO Capital Markets currently has a market perform rating on the mining company’s stock.
A number of other research firms have also weighed in on EXK. Noble Financial reiterated a hold rating on shares of Endeavour Silver in a research report on Monday, May 11th. Zacks Investment Research lowered Endeavour Silver from a hold rating to a sell rating in a research report on Monday, June 29th. Finally, HC Wainwright reissued a buy rating and issued a $3.25 price objective (up from $3.00) on shares of Endeavour Silver in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $3.00.
NYSE:EXK opened at $2.61 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.15 and a debt-to-equity ratio of 0.08. Endeavour Silver has a 1-year low of $0.99 and a 1-year high of $3.20. The firm has a market capitalization of $375.42 million, a price-to-earnings ratio of -7.05 and a beta of 0.96. The stock has a fifty day simple moving average of $2.04 and a 200 day simple moving average of $1.84.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Friday, May 8th. The mining company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). Endeavour Silver had a negative net margin of 44.29% and a negative return on equity of 32.09%. The company had revenue of $21.93 million during the quarter, compared to analyst estimates of $23.10 million. Equities analysts predict that Endeavour Silver will post 0.02 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in EXK. TD Asset Management Inc. purchased a new stake in Endeavour Silver in the 4th quarter worth about $227,000. Credit Suisse AG lifted its stake in Endeavour Silver by 29.7% in the 4th quarter. Credit Suisse AG now owns 68,534 shares of the mining company’s stock worth $165,000 after acquiring an additional 15,675 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Endeavour Silver by 75.0% during the 4th quarter. Toronto Dominion Bank now owns 47,910 shares of the mining company’s stock worth $115,000 after purchasing an additional 20,535 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Endeavour Silver by 6.2% during the 4th quarter. Van ECK Associates Corp now owns 8,751,955 shares of the mining company’s stock worth $21,092,000 after purchasing an additional 509,299 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Endeavour Silver by 35.6% during the 4th quarter. UBS Group AG now owns 59,017 shares of the mining company’s stock worth $142,000 after purchasing an additional 15,505 shares in the last quarter. 14.96% of the stock is owned by hedge funds and other institutional investors.
Endeavour Silver Company Profile
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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