BMO Capital Markets upgraded shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) from an underperform rating to a market perform rating in a research note published on Tuesday. They currently have $5.00 price target on the mining company’s stock.
A number of other brokerages have also issued reports on EXK. Noble Financial reaffirmed a buy rating on shares of Endeavour Silver Corp in a report on Thursday, March 30th. Canaccord Genuity reaffirmed a hold rating on shares of Endeavour Silver Corp in a report on Monday, January 9th. National Bank Financial reaffirmed a sec perform spec market wgt rating on shares of Endeavour Silver Corp in a report on Thursday, March 2nd. Finally, Zacks Investment Research lowered shares of Endeavour Silver Corp from a hold rating to a sell rating in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $6.04.
Shares of Endeavour Silver Corp (NYSE:EXK) traded up 1.456% during mid-day trading on Tuesday, hitting $3.135. 975,661 shares of the company traded hands. The firm has a 50-day moving average of $3.23 and a 200-day moving average of $3.92. Endeavour Silver Corp has a one year low of $2.84 and a one year high of $5.95. The stock has a market capitalization of $398.48 million, a price-to-earnings ratio of 104.500 and a beta of -0.09.
Endeavour Silver Corp (NYSE:EXK) last released its earnings results on Thursday, March 2nd. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm earned $28.70 million during the quarter, compared to analysts’ expectations of $32.44 million. Endeavour Silver Corp had a positive return on equity of 7.83% and a negative net margin of 74.40%. On average, equities analysts predict that Endeavour Silver Corp will post $0.05 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. ETF Managers Group LLC bought a new stake in shares of Endeavour Silver Corp during the third quarter worth about $4,516,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Endeavour Silver Corp during the fourth quarter worth about $2,398,000. Renaissance Technologies LLC increased its stake in shares of Endeavour Silver Corp by 7.9% in the fourth quarter. Renaissance Technologies LLC now owns 5,447,300 shares of the mining company’s stock worth $19,174,000 after buying an additional 401,100 shares in the last quarter. Oxford Asset Management bought a new stake in shares of Endeavour Silver Corp during the fourth quarter worth about $973,000. Finally, Sprott Inc. increased its stake in shares of Endeavour Silver Corp by 69.5% in the third quarter. Sprott Inc. now owns 632,076 shares of the mining company’s stock worth $3,243,000 after buying an additional 259,066 shares in the last quarter. Institutional investors own 32.85% of the company’s stock.
About Endeavour Silver Corp
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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