TD Securities Initiates Coverage on Endeavour Silver (NYSE:EXK)

Analysts at TD Securities began coverage on shares of Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR in a note issued to investors on Friday. The brokerage set a "buy" rating on the mining company's stock.

Several other brokerages have also recently issued reports on EXK. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. HC Wainwright boosted their price target on shares of Endeavour Silver from $6.00 to $7.25 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Alliance Global Partners increased their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock traded up $0.07 on Friday, hitting $4.21. The company's stock had a trading volume of 2,820,562 shares, compared to its average volume of 5,539,904. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -32.35 and a beta of 1.67. The firm has a fifty day moving average price of $4.56 and a 200-day moving average price of $3.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million during the quarter, compared to analysts' expectations of $54.91 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its stake in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company's stock valued at $187,000 after purchasing an additional 6,800 shares during the last quarter. Virtu Financial LLC lifted its position in Endeavour Silver by 158.3% in the first quarter. Virtu Financial LLC now owns 147,287 shares of the mining company's stock valued at $355,000 after buying an additional 90,259 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Endeavour Silver during the second quarter worth about $42,000. Oak Family Advisors LLC acquired a new stake in shares of Endeavour Silver during the second quarter valued at about $55,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $83,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.