Endeavour Silver (NYSE:EXK) Receives Hold Rating from CIBC

CIBC reaffirmed their hold rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report sent to investors on Friday morning, Analyst Ratings Network reports. The firm currently has a C$8.25 target price on the mining company’s stock.

Several other equities analysts have also commented on EXK. HC Wainwright reiterated a buy rating and issued a $6.75 price target on shares of Endeavour Silver in a research note on Friday. Zacks Investment Research upgraded shares of Endeavour Silver from a sell rating to a hold rating in a research note on Friday, August 13th. TD Securities decreased their price objective on Endeavour Silver from C$8.00 to C$7.00 and set a hold rating for the company in a report on Wednesday, August 11th. BMO Capital Markets decreased their price objective on Endeavour Silver from C$6.00 to C$5.75 and set a market perform rating for the company in a report on Wednesday, August 11th. Finally, Pi Financial reissued a hold rating and issued a C$6.30 price objective on shares of Endeavour Silver in a report on Friday, June 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $6.45.

Shares of Endeavour Silver stock opened at $4.71 on Friday. The firm has a market capitalization of $802.11 million, a P/E ratio of 19.63 and a beta of 1.30. Endeavour Silver has a 52 week low of $2.98 and a 52 week high of $7.76. The company has a quick ratio of 4.43, a current ratio of 5.10 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $4.87 and its two-hundred day moving average is $5.65.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Monday, August 9th. The mining company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Endeavour Silver had a net margin of 21.99% and a return on equity of 8.95%. As a group, research analysts expect that Endeavour Silver will post 0.11 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of Endeavour Silver by 28.7% during the first quarter. Royal Bank of Canada now owns 7,082 shares of the mining company’s stock worth $35,000 after purchasing an additional 1,581 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Endeavour Silver during the first quarter worth $63,000. Axiom Investment Management LLC acquired a new stake in shares of Endeavour Silver during the first quarter worth $84,000. Profund Advisors LLC lifted its holdings in shares of Endeavour Silver by 22.7% during the second quarter. Profund Advisors LLC now owns 16,016 shares of the mining company’s stock worth $98,000 after purchasing an additional 2,961 shares during the period. Finally, PEAK6 Investments LLC acquired a new stake in shares of Endeavour Silver during the first quarter worth $99,000. 26.12% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property, Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and Parral project in Chihuahua, Mexico.

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Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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