Look At Analyst Expectations For A Better Read On Endeavour Silver Corp. (NYSE: EXK)

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Merian Global Investors (UK) Ltd. recently announced the acquisition of new stake in Endeavour Silver Corp. (NYSE:EXK). This fresh investment now brings its stake to 2.28% valued currently at $14.19 million. In addition, Global X Management Co. LLC raised its holdings by 0.35 million to 2.64 million shares. And Millennium Management LLC has lifted its position by 68.85% or 0.86 million shares – to 2.12 million shares.

With over 3.55 million Endeavour Silver Corp. (EXK) shares trading Monday and a closing price of $3.59 on the day, the dollar volume was approximately $12.73 million. The shares have shown a negative weekly performance of -10.47% and its price on 08/24/20 lost nearly -1.64%. Currently, there are 154.99M common shares owned by the public and among those 153.70M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for EXK have a consensus price objective of $4.47. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $2.77 should the stock experience a downside. Incidentally, analysts’ outlook for the Endeavour Silver Corp. stock is 2.40 for the next 12 months. The average price target is 20.75% above its last price level and an upside to the estimated low will see the stock lose -29.6% over that period. But an upside of 40.17% will see the stock hit the forecast high price target while mean target price for the stock is $4.63.

The top 3 mutual fund holders in Endeavour Silver Corp. are VanEck Vectors – Junior Gold Mine, Global X Silver Miners ETF, and Merian Glb. Invs. Ser. Plc – Gold. VanEck Vectors – Junior Gold Mine owns 7.09 million shares of the company’s stock, all valued at over $30.62 million. The company bought an additional 93235.0 shares recently to bring their total holdings to about 4.93% of the shares outstanding. Global X Silver Miners ETF bought 44238.0 shares to see its total holdings expand to 3.33 million shares valued at over $14.37 million and representing 2.31% of the shares outstanding. Merian Glb. Invs. Ser. Plc – Gold now owns shares totaling to 2.28% of the shares outstanding.

Shares of Endeavour Silver Corp. (NYSE: EXK) opened at $3.66, up $0.01 from a prior closing price of $3.65. However, the script later closed the day at $3.59, down -1.64%. The company’s stock has a 5-day price change of -10.47% and 96.17% over the past three months. EXK shares are trading 48.96% year to date (YTD), with the 12-month market performance up to 40.78% higher. It has a 12-month low price of $0.99 and touched a high of $4.79 over the same period. Currently, 3.55 million shares have been traded, compared to an average intraday trading volume of 5.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.31%, 13.60%, and 63.01% respectively.

Institutional ownership of Endeavour Silver Corp. (NYSE: EXK) shares accounts for 26.40% of the company’s 154.99M shares outstanding. Mutual fund holders own 15.72%, while other institutional holders and individual stakeholders account for 4.07% and — respectively.

It has a market capitalization of $586.32M and a beta (3y monthly) value of 1.51. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.96% over the week and 6.45% over the month.

Analysts forecast that Endeavour Silver Corp. (EXK) will achieve an EPS of $0.04 for the current quarter, $0.05 for the next quarter and $0.19 for 2019. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -267.10%, and 150.00% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Endeavour Silver Corp. (EXK) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 10 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the EXK, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on July 21, 2020, with the firm’s price target at $4.75. Noble Capital Markets coverage for the Endeavour Silver Corp. (EXK) stock in a research note released on February 26, 2020 offered a Market Perform rating with a price target of. H.C. Wainwright was of a view on November 22, 2019 that the stock is Buy, while Noble Capital Markets gave the stock Market Perform rating on May 07, 2019, issuing a price target of. Noble Capital Markets on their part issued Outperform rating on January 14, 2019.

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