HC Wainwright Reiterates $3.00 Price Target for Endeavour Silver (NYSE:EXK)

Share on StockTwits

Endeavour Silver (NYSE:EXK) (TSE:EDR) received a $3.00 price objective from equities researchers at HC Wainwright in a report released on Friday, January 25th. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective points to a potential upside of 32.16% from the company’s current price.

A number of other equities analysts have also recently issued reports on EXK. Noble Financial cut Endeavour Silver from an “outperform” rating to a “hold” rating in a report on Thursday, November 1st. Roth Capital initiated coverage on Endeavour Silver in a report on Tuesday, December 11th. They set a “buy” rating and a $2.50 target price for the company. ValuEngine upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Zacks Investment Research cut 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 Thursday, November 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $2.83.

NYSE:EXK opened at $2.27 on Friday. The firm has a market cap of $298.18 million, a P/E ratio of 28.38 and a beta of 0.01. Endeavour Silver has a 52-week low of $1.76 and a 52-week high of $3.35.

Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Endeavour Silver by 9.4% in the 3rd quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock worth $10,219,000 after acquiring an additional 380,525 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Endeavour Silver by 16.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,239,291 shares of the mining company’s stock worth $4,814,000 after acquiring an additional 308,971 shares in the last quarter. Morgan Stanley raised its position in shares of Endeavour Silver by 33.7% in the 3rd quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock worth $3,990,000 after acquiring an additional 435,827 shares in the last quarter. ETF Managers Group LLC raised its position in shares of Endeavour Silver by 4.8% in the 4th quarter. ETF Managers Group LLC now owns 610,358 shares of the mining company’s stock worth $1,312,000 after acquiring an additional 28,151 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Endeavour Silver by 27.7% in the 4th quarter. Raymond James & Associates now owns 219,797 shares of the mining company’s stock worth $473,000 after acquiring an additional 47,691 shares in the last quarter. 19.34% of the stock is owned by hedge funds and other institutional investors.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.

Recommended Story: Debt-To-Equity Ratio

Receive News & Ratings for Endeavour Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply