Raymond James Begins Coverage on Endeavour Silver (NYSE:EXK)

Research analysts at Raymond James began coverage on shares of Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR in a report released on Friday, Marketbeat.com reports. The firm set an "outperform" rating on the mining company's stock.

EXK has been the subject of several other research reports. HC Wainwright boosted their price objective on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. StockNews.com raised 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 research note on Monday, March 10th. Finally, Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

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Endeavour Silver Stock Down 1.3 %

Endeavour Silver stock traded down $0.06 during midday trading on Friday, hitting $4.60. 2,841,919 shares of the company's stock were exchanged, compared to its average volume of 9,501,205. Endeavour Silver has a 12 month low of $2.12 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market cap of $1.21 billion, a PE ratio of -35.38 and a beta of 1.55. The firm has a 50-day moving average of $3.98 and a two-hundred day moving average of $4.11.

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

Institutional Trading of Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in Endeavour Silver by 995.2% in the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company's stock valued at $4,325,000 after buying an additional 1,073,114 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Endeavour Silver in the 4th quarter worth about $543,000. Vident Advisory LLC boosted its position in Endeavour Silver by 2.8% during the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock worth $860,000 after purchasing an additional 6,441 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Endeavour Silver by 26.2% in the fourth quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company's stock valued at $765,000 after purchasing an additional 43,400 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Endeavour Silver by 88.4% in the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock valued at $2,664,000 after buying an additional 341,468 shares in the last quarter. 20.06% of the stock is owned by hedge funds and other 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.