Zacks Investment Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “

Other analysts have also issued reports about the stock. BMO Capital Markets reaffirmed a hold rating on shares of Endeavour Silver in a research report on Friday, April 12th. HC Wainwright set a $7.00 price target on shares of Armata Pharmaceuticals and gave the stock a buy rating in a research report on Thursday, May 23rd. Finally, Noble Financial reaffirmed a hold rating on shares of Endeavour Silver in a research report on Sunday, June 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Endeavour Silver currently has an average rating of Hold and a consensus price target of $2.81.

Shares of EXK stock opened at $1.75 on Wednesday. The stock has a fifty day simple moving average of $1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 3.31. Endeavour Silver has a 12 month low of $1.68 and a 12 month high of $3.00.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly 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). Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. The firm had revenue of $29.10 million for the quarter, compared to the consensus estimate of $32.66 million. Analysts anticipate that Endeavour Silver will post -0.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXK. Advisor Group Inc. raised its position in shares of Endeavour Silver by 93.5% in the fourth quarter. Advisor Group Inc. now owns 16,832 shares of the mining company’s stock valued at $36,000 after purchasing an additional 8,132 shares during the period. Two Sigma Securities LLC raised its position in shares of Endeavour Silver by 200.1% in the fourth quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock valued at $76,000 after purchasing an additional 23,479 shares during the period. Toronto Dominion Bank raised its position in shares of Endeavour Silver by 164.5% in the first quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock valued at $93,000 after purchasing an additional 23,126 shares during the period. Candriam Luxembourg S.C.A. bought a new position in shares of Endeavour Silver in the fourth quarter valued at about $107,000. Finally, WESPAC Advisors LLC bought a new position in shares of Endeavour Silver in the first quarter valued at about $126,000. 19.04% of the stock is currently owned by hedge funds and other institutional investors.

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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