HC Wainwright Lowers Endeavour Silver (NYSE:EXK) Price Target to $7.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price lowered by research analysts at HC Wainwright from $7.25 to $7.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective would suggest a potential upside of 97.74% from the company’s current price.

EXK has been the topic of several other research reports. TD Securities started coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Alliance Global Partners upped their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Trading Down 9.5 %

Shares of EXK stock opened at $3.54 on Friday. The company has a market capitalization of $928.62 million, a P/E ratio of -27.23 and a beta of 1.64. Endeavour Silver has a 12-month low of $1.42 and a 12-month 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 50-day moving average price of $4.17 and a 200 day moving average price of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Research analysts forecast that Endeavour Silver will post -0.08 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. Van ECK Associates Corp increased its holdings in Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares during the last quarter. U S Global Investors Inc. bought a new stake in shares of Endeavour Silver in the 3rd quarter valued at about $1,382,000. Quest Partners LLC acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at approximately $964,000. American Century Companies Inc. bought a new position in Endeavour Silver during the 2nd quarter worth approximately $589,000. Finally, XTX Topco Ltd grew its holdings in Endeavour Silver by 768.2% during the second quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after purchasing an additional 89,288 shares during the period. 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.