Endeavour Silver (NYSE:EXK) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a buy rating to a hold rating in a report released on Wednesday, ValuEngine reports.

Several other analysts have also recently commented on EXK. Zacks Investment Research upgraded Endeavour Silver from a strong sell rating to a hold rating in a report on Thursday, July 25th. HC Wainwright upped their target price on Endeavour Silver from $3.00 to $4.25 and gave the company a buy rating in a report on Monday, August 19th. Finally, Noble Financial upgraded Endeavour Silver to a buy rating and set a $3.00 target price on the stock in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Endeavour Silver has a consensus rating of Buy and a consensus price target of $3.13.

EXK stock traded up $0.06 during trading on Wednesday, hitting $2.43. The company had a trading volume of 1,922,575 shares, compared to its average volume of 3,861,128. The business has a 50-day moving average of $2.54 and a 200-day moving average of $2.26. Endeavour Silver has a one year low of $1.68 and a one year high of $3.20. The stock has a market cap of $328.13 million, a PE ratio of -27.00 and a beta of 0.10. The company has a current ratio of 3.28, a quick ratio of 2.54 and a debt-to-equity ratio of 0.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Thursday, August 8th. The mining company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). Endeavour Silver had a negative net margin of 25.06% and a negative return on equity of 21.18%. The company had revenue of $29.38 million during the quarter, compared to the consensus estimate of $28.00 million. Research analysts forecast that Endeavour Silver will post -0.12 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in 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 valued at $161,000 after acquiring an additional 5,000 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Endeavour Silver by 27.5% during the 2nd quarter. Morgan Stanley now owns 3,128,492 shares of the mining company’s stock worth $6,413,000 after buying an additional 674,739 shares in the last quarter. ETF Managers Group LLC boosted its holdings in shares of Endeavour Silver by 15.8% during the 2nd quarter. ETF Managers Group LLC now owns 768,634 shares of the mining company’s stock worth $1,568,000 after buying an additional 104,716 shares in the last quarter. Sprott Inc. boosted its holdings in shares of Endeavour Silver by 27.5% during the 2nd quarter. Sprott Inc. now owns 759,100 shares of the mining company’s stock worth $2,045,000 after buying an additional 163,600 shares in the last quarter. Finally, Perritt Capital Management Inc. bought a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $782,000. Institutional investors and hedge funds own 18.58% of the company’s stock.

About Endeavour Silver

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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