Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a report issued on Monday. The brokerage presently has a $3.00 target price on the mining company’s stock. Noble Financial’s price objective points to a potential upside of 35.14% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Roth Capital assumed coverage on Endeavour Silver in a report on Tuesday, December 11th. They set a “buy” rating and a $2.50 price objective on the stock. ValuEngine upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a report on Friday, December 7th. BMO Capital Markets restated a “hold” rating on shares of Endeavour Silver in a report on Thursday, November 1st. HC Wainwright restated a “buy” rating and set a $3.25 price objective on shares of Endeavour Silver in a report on Friday. Finally, Zacks Investment Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $2.92.

Endeavour Silver stock traded up $0.02 during mid-day trading on Monday, hitting $2.22. 7,200 shares of the company were exchanged, compared to its average volume of 788,114. Endeavour Silver has a 12-month low of $1.76 and a 12-month high of $3.35. The company has a market capitalization of $296.36 million, a price-to-earnings ratio of 27.75 and a beta of -0.16.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Wednesday, October 31st. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Endeavour Silver had a negative return on equity of 2.44% and a negative net margin of 3.86%. The business had revenue of $37.58 million for the quarter, compared to analyst estimates of $38.74 million. Research analysts anticipate that Endeavour Silver will post -0.06 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its position in shares of Endeavour Silver by 81.9% during the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock worth $162,000 after acquiring an additional 31,651 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Endeavour Silver during the second quarter worth about $406,000. Morgan Stanley increased its position in shares of Endeavour Silver by 33.7% during the third 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 during the last quarter. Global X Management Co LLC increased its position in shares of Endeavour Silver by 5.2% during the second quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock worth $5,984,000 after acquiring an additional 94,233 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Endeavour Silver during the third quarter worth about $4,459,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

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.

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