Endeavour Silver (NYSE:EXK) Stock Price Expected to Rise, HC Wainwright Analyst Says

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR had its price objective upped by HC Wainwright from $7.00 to $7.25 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the mining company's stock. HC Wainwright's target price would suggest a potential upside of 60.22% from the stock's current price.

Several other equities research analysts have also weighed in on EXK. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a report on Wednesday, November 13th. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a report on Monday. Finally, StockNews.com raised Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Stock Performance

NYSE EXK opened at $4.53 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -34.81 and a beta of 1.55. Endeavour Silver has a 1 year low of $2.02 and a 1 year high of $5.67. The firm's 50 day simple moving average is $3.82 and its 200 day simple moving average is $4.02.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group bought a new stake in Endeavour Silver during the fourth quarter worth approximately $36,000. Alpha Cubed Investments LLC bought a new position in shares of Endeavour Silver during the 4th quarter worth $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Endeavour Silver in the fourth quarter valued at about $43,000. Farringdon Capital Ltd. bought a new position in Endeavour Silver during the 4th quarter worth about $55,000. Finally, Oxford Asset Management LLP purchased a new position in Endeavour Silver during the 4th quarter valued at about $57,000. 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.

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