Endeavour Silver (NYSE:EXK) Coverage Initiated at Raymond James

Analysts at Raymond James initiated coverage on shares of Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set an "outperform" rating on the mining company's stock.

Several other brokerages have also weighed in on EXK. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Finally, HC Wainwright boosted their price target on Endeavour Silver from $7.00 to $7.25 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $6.63.

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Endeavour Silver Stock Down 1.7 %

Shares of NYSE:EXK traded down $0.08 during trading on Friday, reaching $4.57. 8,625,940 shares of the company traded hands, compared to its average volume of 6,753,627. Endeavour Silver has a 1-year low of $2.12 and a 1-year high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.20 billion, a P/E ratio of -35.15 and a beta of 1.55. The firm has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $4.14.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds have recently bought and sold shares of EXK. Barclays PLC lifted its position in shares of Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company's stock worth $205,000 after purchasing an additional 51,901 shares during the last quarter. Sprott Inc. grew its holdings in Endeavour Silver by 23.1% in the 4th quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock valued at $5,809,000 after buying an additional 298,091 shares during the last quarter. Geode Capital Management LLC increased its position in Endeavour Silver by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company's stock worth $460,000 after buying an additional 10,543 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Endeavour Silver during the fourth quarter worth approximately $119,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $203,000. 20.06% of the stock is currently owned by institutional investors.

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.