Endeavour Silver Corp. Receives a Consensus 'Buy' Rating from Analysts

Endeavour Silver Corp. (NYSE: EXK - Get Free Report) and TSE: EDR has garnered an average rating of "Buy" from six brokerage firms monitoring the company, as reported by MarketBeat. Of these analysts, one has assigned a hold rating, three have given a buy rating, and two have awarded a strong buy rating. The consensus among these brokerage firms places the average 12-month price target for the stock at $6.63.

Several analysts have recently provided updates on EXK shares. TD Securities upgraded Endeavour Silver to a "strong-buy" rating on March 10. Meanwhile, Alliance Global Partners reiterated its "buy" rating in a report published on Wednesday. Additionally, StockNews.com issued a rating change, moving Endeavour Silver to a "sell" rating on February 28. Finally, HC Wainwright increased their price target on Endeavour Silver from $7.00 to $7.25 while maintaining a "buy" rating in a report on March 12.

Institutional Investors and Hedge Funds

Recent activity among hedge funds shows a mixture of new investments and adjustments to their positions in Endeavour Silver. Quest Partners LLC established a new stake in the company during the third quarter, investing around $964,000. Barclays PLC made a significant adjustment, increasing its holdings by an extraordinary 1,730,033.3% during the same period. Barclays now controls 51,904 shares valued at approximately $205,000 after acquiring an additional 51,901 shares. Furthermore, Sprott Inc. raised its investment by 23.1% in the fourth quarter, giving them 1,586,302 shares, worth about $5,809,000 after purchasing 298,091 additional shares. Geode Capital Management LLC also increased its holdings by 9.9% in the third quarter, owning 116,853 shares valued at $460,000 following the acquisition of 10,543 extra shares. Moreover, CIBC Asset Management Inc. bought into Endeavour Silver with a new position in the fourth quarter valued around $119,000. Collectively, institutional investors and hedge funds now own 20.06% of the company's shares.

Performance Overview of Endeavour Silver

On Monday, shares of NYSE EXK opened at $4.72. The stock has experienced a 12-month low of $2.02 and a high of $5.67. Currently, Endeavour Silver shows a current ratio of 1.39, a quick ratio of 1.07, and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.24 billion, with a price-to-earnings ratio of -36.27 and a beta of 1.55. Furthermore, the 50-day moving average is $3.87, while the 200-day moving average stands at $4.05.

Endeavour Silver reported its quarterly earnings on March 11, revealing an earnings per share (EPS) of $0.02, which exceeded the consensus estimate of ($0.01) by $0.03. Revenue for the quarter reached $42.20 million, although it fell short of the consensus expectation of $69.90 million. The company achieved a positive return on equity of 0.97% but reported a negative net margin of 13.04%. Analysts predict that Endeavour Silver is likely to post earnings per share of -0.07 for the current fiscal year.

About Endeavour Silver Corp.

Endeavour Silver Corp. is a silver mining entity involved in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties located in Chile and the United States. The company actively explores for gold and silver deposits, primarily focusing on precious metals. Previously, Endeavour Silver was known as Endeavour Gold Corp.

Stocks, Mining, Investment