Endeavour Silver (NYSE:EXK) (TSE:EDR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, January 15th, ValuEngine reports.
Several other equities analysts also recently commented on EXK. Zacks Investment Research downgraded shares of Endeavour Silver from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Endeavour Silver in a research note on Monday, January 13th. Pi Financial reaffirmed a “hold” rating and set a $3.00 price objective on shares of Endeavour Silver in a research note on Friday, November 22nd. Noble Financial raised shares of Endeavour Silver to a “buy” rating and set a $3.00 price objective for the company in a research note on Monday, September 23rd. Finally, GMP Securities downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Endeavour Silver has an average rating of “Hold” and an average target price of $2.81.
NYSE EXK traded down $0.08 during trading on Wednesday, hitting $2.00. 1,365,112 shares of the company’s stock traded hands, compared to its average volume of 1,777,689. The stock has a fifty day moving average of $2.20 and a two-hundred day moving average of $2.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 3.28. Endeavour Silver has a 12-month low of $1.68 and a 12-month high of $3.20.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $28.00 million. Endeavour Silver had a negative net margin of 28.01% and a negative return on equity of 22.50%. On average, equities analysts forecast that Endeavour Silver will post -0.25 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in Endeavour Silver by 7.2% during the fourth quarter. Swiss National Bank now owns 263,900 shares of the mining company’s stock worth $635,000 after purchasing an additional 17,700 shares in the last quarter. Brookstone Capital Management grew its position in shares of Endeavour Silver by 30.4% during the fourth quarter. Brookstone Capital Management now owns 25,187 shares of the mining company’s stock worth $61,000 after acquiring an additional 5,866 shares during the last quarter. Millennium Management LLC grew its position in shares of Endeavour Silver by 3,178.4% during the third quarter. Millennium Management LLC now owns 1,042,298 shares of the mining company’s stock worth $2,313,000 after acquiring an additional 1,010,505 shares during the last quarter. Barclays PLC grew its position in shares of Endeavour Silver by 429.4% during the third quarter. Barclays PLC now owns 147,172 shares of the mining company’s stock worth $326,000 after acquiring an additional 119,372 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of Endeavour Silver by 287.3% during the third quarter. Virtu Financial LLC now owns 124,668 shares of the mining company’s stock worth $277,000 after acquiring an additional 92,477 shares during the last quarter. 19.07% of the stock is owned by institutional investors.
About Endeavour Silver
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.
