BMO Capital Reaffirms Their Buy Rating on Endeavour Silver (EXK)

In a report released today, Kevin O’Halloran from BMO Capital maintained a Buy rating on Endeavour Silver, with a price target of C$13.00. The company’s shares closed yesterday at $8.27.

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According to TipRanks, O’Halloran is a top 25 analyst with an average return of 68.2% and a 95.24% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as Equinox Gold, Endeavour Silver, and First Majestic Silver.

Endeavour Silver has an analyst consensus of Moderate Buy, with a price target consensus of $8.05, a -2.66% downside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $9.75 price target.

Based on Endeavour Silver’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $88.6 million and a GAAP net loss of $20.46 million. In comparison, last year the company earned a revenue of $58.26 million and had a GAAP net loss of $14.01 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXK in relation to earlier this year.