Endeavour Silver Corp (NYSE:EXK) Receives $2.75 Consensus Target Price from Brokerages

Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) has been given an average recommendation of “Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.38.

Several equities research analysts recently issued reports on EXK shares. ValuEngine raised Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Wednesday, July 17th. HC Wainwright raised their price target on Endeavour Silver from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Monday, August 19th. Zacks Investment Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Noble Financial restated a “hold” rating on shares of Endeavour Silver in a research report on Sunday, June 23rd.

Endeavour Silver stock opened at $2.55 on Friday. Endeavour Silver has a one year low of $1.68 and a one year high of $2.86. The business has a fifty day moving average price of $2.32 and a 200-day moving average price of $2.24. The company has a quick ratio of 2.54, a current ratio of 3.28 and a debt-to-equity ratio of 0.02.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Advisor Group Inc. increased its holdings in shares of Endeavour Silver by 16.2% in the second quarter. Advisor Group Inc. now owns 32,144 shares of the mining company’s stock worth $66,000 after buying an additional 4,493 shares during the period. Toronto Dominion Bank increased its holdings in shares of Endeavour Silver by 164.5% in the first quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock worth $93,000 after buying an additional 23,126 shares during the period. WESPAC Advisors LLC purchased a new position in shares of Endeavour Silver in the first quarter worth about $126,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Endeavour Silver by 6.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,026 shares of the mining company’s stock worth $161,000 after buying an additional 5,000 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of Endeavour Silver by 27.2% in the fourth quarter. Two Sigma Advisers LP now owns 76,200 shares of the mining company’s stock worth $164,000 after buying an additional 16,300 shares during the period. Institutional investors and hedge funds own 19.02% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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