Endeavour Silver (NYSE:EXK) Receives "Buy" Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Endeavour Silver (NYSE:EXK - Free Report) TSE: EDR in a research note released on Thursday,Benzinga reports. HC Wainwright currently has a $7.25 price objective on the mining company's stock.

Several other research firms have also commented on EXK. Raymond James assumed coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating for the company. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a report on Friday, February 28th. Finally, TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the 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 Trading Down 0.7 %

EXK traded down $0.03 during trading on Thursday, reaching $4.06. The company had a trading volume of 7,267,688 shares, compared to its average volume of 10,543,064. 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 stock has a market cap of $1.11 billion, a P/E ratio of -31.23 and a beta of 1.47. Endeavour Silver has a 52 week low of $2.42 and a 52 week high of $5.67. The business has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $4.15.

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, topping analysts' consensus estimates 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 business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. On average, equities analysts anticipate that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted 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 period. HighTower Advisors LLC raised its holdings in shares of Endeavour Silver by 28.3% in the 4th quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company's stock valued at $575,000 after buying an additional 34,700 shares during the period. Sprott Inc. lifted its stake in Endeavour Silver by 23.1% during the 4th quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock worth $5,809,000 after acquiring an additional 298,091 shares in the last quarter. American Century Companies Inc. lifted its stake in Endeavour Silver by 268.9% during the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock worth $9,728,000 after acquiring an additional 1,937,150 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in Endeavour Silver in the 4th quarter valued at about $2,401,000. 20.06% of the stock is currently 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.