Endeavour Silver (NYSE:EXK) Downgraded by Noble Financial to Market Perform

Noble Financial cut shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, May 7th, Briefing.com Automated Import reports.

Several other equities research analysts have also issued reports on EXK. HC Wainwright restated a buy rating and issued a $3.25 target price on shares of Endeavour Silver in a report on Friday, January 11th. Zacks Investment Research lowered shares of Endeavour Silver from a hold rating to a strong sell rating in a report on Monday, January 14th. Finally, BMO Capital Markets restated a hold rating on shares of Endeavour Silver in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $2.81.

EXK stock traded up $0.06 during trading on Tuesday, hitting $1.79. 1,114,935 shares of the company’s stock traded hands, compared to its average volume of 887,837. The firm has a market capitalization of $222.36 million, a P/E ratio of -19.89 and a beta of -0.11. The company has a quick ratio of 2.57, a current ratio of 3.31 and a debt-to-equity ratio of 0.01. Endeavour Silver has a 52 week low of $1.68 and a 52 week high of $3.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Monday, May 6th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.07). The firm had revenue of $29.10 million during the quarter, compared to the consensus estimate of $32.66 million. Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. As a group, analysts anticipate that Endeavour Silver will post -0.04 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning bought a new stake in Endeavour Silver during the 4th quarter valued at about $33,000. Advisor Group Inc. lifted its holdings in Endeavour Silver by 93.5% during the 4th quarter. Advisor Group Inc. now owns 16,832 shares of the mining company’s stock valued at $36,000 after buying an additional 8,132 shares in the last quarter. National Asset Management Inc. bought a new stake in Endeavour Silver during the 4th quarter valued at about $39,000. Two Sigma Securities LLC lifted its holdings in Endeavour Silver by 200.1% during the 4th quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock valued at $76,000 after buying an additional 23,479 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Endeavour Silver by 164.5% during the 1st quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock valued at $93,000 after buying an additional 23,126 shares in the last quarter. Institutional investors own 19.04% 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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