Endeavour Silver (NYSE:EXK) Price Target Raised to C$4.75

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) had its target price upped by investment analysts at BMO Capital Markets from C$4.50 to C$4.75 in a report issued on Wednesday, The Fly reports.

Several other analysts have also issued reports on EXK. Stifel Nicolaus reduced their price objective on shares of Endeavour Silver from C$6.50 to C$5.50 in a report on Wednesday, November 23rd. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 9th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver in a research report on Wednesday. Finally, B. Riley dropped their target price on Endeavour Silver from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th.

Endeavour Silver Stock Up 1.1 %

Shares of EXK opened at $3.57 on Wednesday. The firm has a market cap of $677.03 million, a P/E ratio of -357.00 and a beta of 1.34. Endeavour Silver has a 12-month low of $2.47 and a 12-month high of $5.78. The company’s 50-day moving average price is $3.38 and its 200 day moving average price is $3.28. The company has a current ratio of 3.65, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03.

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 8th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). The company had revenue of $39.65 million during the quarter, compared to analysts’ expectations of $45.48 million. Endeavour Silver had a negative net margin of 1.26% and a positive return on equity of 1.34%. On average, sell-side analysts forecast that Endeavour Silver will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of EXK. Van ECK Associates Corp grew its position in shares of Endeavour Silver by 1.7% during the third quarter. Van ECK Associates Corp now owns 19,556,660 shares of the mining company’s stock worth $59,061,000 after buying an additional 324,891 shares in the last quarter. ETF Managers Group LLC grew its position in shares of Endeavour Silver by 29.5% during the third quarter. ETF Managers Group LLC now owns 6,555,908 shares of the mining company’s stock worth $19,799,000 after buying an additional 1,493,369 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Endeavour Silver by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,809,722 shares of the mining company’s stock worth $17,715,000 after buying an additional 152,095 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Endeavour Silver by 5.9% during the third quarter. Jupiter Asset Management Ltd. now owns 3,755,426 shares of the mining company’s stock worth $11,370,000 after buying an additional 210,064 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Endeavour Silver by 3.1% during the second quarter. Millennium Management LLC now owns 697,935 shares of the mining company’s stock worth $2,192,000 after buying an additional 21,061 shares in the last quarter. 23.64% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

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Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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