HC Wainwright Boosts Endeavour Silver (NYSE:EXK) Price Target to $7.25

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price hoisted by HC Wainwright from $6.00 to $7.25 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective indicates a potential upside of 51.04% from the company’s current price. HC Wainwright also issued estimates for Endeavour Silver’s FY2025 earnings at $0.16 EPS.

Several other analysts also recently weighed in on EXK. CIBC raised their target price on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Price Performance

EXK stock opened at $4.80 on Wednesday. The stock has a 50-day simple moving average of $4.17 and a 200-day simple moving average of $3.79. The firm has a market cap of $1.18 billion, a P/E ratio of -68.56 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The business had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Endeavour Silver will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in EXK. Hohimer Wealth Management LLC bought a new position in shares of Endeavour Silver in the 2nd quarter worth about $42,000. Baader Bank Aktiengesellschaft acquired a new position in Endeavour Silver in the second quarter valued at approximately $42,000. SG Americas Securities LLC grew its holdings in shares of Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth approximately $51,000. Finally, Oak Family Advisors LLC bought a new stake in shares of Endeavour Silver in the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.