Zacks Investment Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a sell rating to a hold rating in a research note released on Tuesday.
According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “
EXK has been the subject of several other reports. Noble Financial restated a buy rating on shares of Endeavour Silver in a research note on Thursday, January 11th. HC Wainwright restated a buy rating and issued a $6.00 price target on shares of Endeavour Silver in a research note on Thursday, January 11th. ValuEngine downgraded Endeavour Silver from a hold rating to a sell rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets began coverage on Endeavour Silver in a research report on Friday, November 17th. They set a market perform rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $4.75.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Monday, February 26th. The mining company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Endeavour Silver had a return on equity of 6.78% and a net margin of 6.43%. The business had revenue of $41.64 million during the quarter, compared to the consensus estimate of $39.19 million. equities analysts forecast that Endeavour Silver will post 0.16 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in shares of Endeavour Silver during the 4th quarter valued at approximately $114,000. Essex Investment Management Co. LLC bought a new position in shares of Endeavour Silver during the 4th quarter valued at approximately $142,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Endeavour Silver by 622.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,556 shares of the mining company’s stock valued at $194,000 after buying an additional 68,550 shares during the period. Jane Street Group LLC raised its holdings in Endeavour Silver by 66.5% during the 3rd quarter. Jane Street Group LLC now owns 192,707 shares of the mining company’s stock valued at $459,000 after buying an additional 76,937 shares during the period. Finally, Global X Management Co. LLC raised its holdings in Endeavour Silver by 5.0% during the 4th quarter. Global X Management Co. LLC now owns 1,698,354 shares of the mining company’s stock valued at $4,059,000 after buying an additional 81,057 shares during the period. Hedge funds and other institutional investors own 20.58% of the company’s stock.
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Endeavour Silver 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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