HC Wainwright Reaffirms “Buy” Rating for Endeavour Silver Corporation (EXK)

HC Wainwright reiterated their buy rating on shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in a report published on Tuesday, StockTargetPrices.com reports. HC Wainwright currently has a $6.00 price objective on the mining company’s stock.

Several other analysts have also recently weighed in on EXK. Noble Financial restated a buy rating on shares of Endeavour Silver Corporation in a report on Thursday, March 30th. BMO Capital Markets upgraded Endeavour Silver Corporation from an underperform rating to a market perform rating and set a $5.00 price target on the stock in a report on Tuesday, April 4th. Raymond James Financial, Inc. upgraded Endeavour Silver Corporation from a market perform rating to an outperform rating in a report on Wednesday, April 5th. Zacks Investment Research upgraded Endeavour Silver Corporation from a strong sell rating to a hold rating in a report on Tuesday, April 18th. Finally, TheStreet upgraded Endeavour Silver Corporation from a d rating to a c- rating in a report on Tuesday, May 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Endeavour Silver Corporation currently has an average rating of Hold and a consensus target price of $5.75.

Shares of Endeavour Silver Corporation (NYSE EXK) traded up 4.107% during mid-day trading on Tuesday, hitting $2.915. 1,155,363 shares of the company were exchanged. Endeavour Silver Corporation has a 12-month low of $2.75 and a 12-month high of $5.95. The firm has a 50 day moving average of $3.04 and a 200 day moving average of $3.50. The company has a market capitalization of $371.09 million, a price-to-earnings ratio of 46.270 and a beta of -0.01.

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, May 3rd. The mining company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $36.44 million for the quarter, compared to analysts’ expectations of $36.31 million. Endeavour Silver Corporation had a return on equity of 6.33% and a net margin of 5.35%. Equities research analysts forecast that Endeavour Silver Corporation will post $0.12 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Endeavour Silver Corporation by 0.5% in the first quarter. Renaissance Technologies LLC now owns 5,476,800 shares of the mining company’s stock valued at $17,416,000 after buying an additional 29,500 shares during the period. UBS Group AG raised its position in shares of Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock valued at $2,363,000 after buying an additional 102,656 shares during the period. Global X Management Co. LLC raised its position in shares of Endeavour Silver Corporation by 15.2% in the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock valued at $4,804,000 after buying an additional 199,276 shares during the period. Van ECK Associates Corp raised its position in shares of Endeavour Silver Corporation by 32.5% in the first quarter. Van ECK Associates Corp now owns 20,341,055 shares of the mining company’s stock valued at $64,685,000 after buying an additional 4,989,578 shares during the period. Finally, Sprott Inc. raised its position in shares of Endeavour Silver Corporation by 18.6% in the first quarter. Sprott Inc. now owns 500,759 shares of the mining company’s stock valued at $1,592,000 after buying an additional 78,436 shares during the period. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Corporation Company Profile

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

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Analyst Recommendations for Endeavour Silver Corporation (NYSE:EXK)

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