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Endeavour Silver Corp (EXK) Receives a Buy from Noble Financial


In a report released yesterday, Mark Reichman from Noble Financial maintained a Buy rating on Endeavour Silver Corp (NYSE: EXK). The company’s shares closed yesterday at $2.41.

According to TipRanks.com, Reichman ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.2% and a 13.3% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Great Panther Silver, Avino Silver & Gold, and Pershing Gold Corp.

Endeavour Silver Corp has an analyst consensus of Strong Buy, with a price target consensus of $5.80, a 140.7% upside from current levels. In a report issued on September 28, Raymond James also maintained a Buy rating on the stock.

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Based on Endeavour Silver Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.65 million. In comparison, last year the company had a net profit of $996K.

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