Endeavour Silver (EXK) Gets a Buy Rating from H.C. Wainwright

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Endeavour Silver (EXKResearch Report) today and set a price target of $3.25. The company’s shares closed last Monday at $2.26.

According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -4.9% and a 36.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Endeavour Silver with a $3.02 average price target.

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Based on Endeavour Silver’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.12 million. In comparison, last year the company had a GAAP net loss of $5.45 million.

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Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property and La Plata plant in Zacatecas, and Parral properties in Chihuahua.