Rodman & Renshaw Maintains Endeavour Silver Corp to Buy with Price Target $3.40

Brokerage firm Rodman & Renshaw Maintains its rating on Endeavour Silver Corp(NYSE:EXK). In a research note issued to the investors, the brokerage major Raises the price-target to $3.40 per share. The shares have been rated Buy. The rating by Rodman & Renshaw was issued on Apr 12, 2016.

In a different note, On Mar 8, 2016, Euro Pacific Capital said it Downgrades its rating on Endeavour Silver Corp. The shares have been rated ‘Sell’ by the firm. On Mar 7, 2016, TD Securities said it Upgrades its rating on Endeavour Silver Corp. The shares have been rated ‘Hold’ by the firm. Rodman & Renshaw said it Initiates Coverage on Endeavour Silver Corp, according to a research note issued on Feb 29, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 23, 2016, CIBC said it Downgrades its rating on Endeavour Silver Corp. The shares have been rated ‘Underperformer’ by the firm.

Endeavour Silver Corp (EXK) made into the market gainers list on Fridays trading session with the shares advancing 5.17% or 0.15 points. Due to strong positive momentum, the stock ended at $3.05, which is also near the day’s high of $3.08. The stock began the session at $2.92 and the volume stood at 13,08,999 shares. The 52-week high of the shares is $3.16 and the 52 week low is $1. The company has a current market capitalization of $324 M and it has 10,63,92,513 shares in outstanding.

Endeavour Silver Corp(EXK) last announced its earnings results on Mar 4, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $42.70M. Analysts had an estimated revenue of $42.63M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.04.

Endeavour Silver Corp. (Endeavour) is a Canada-based mining company. The Company is engaged in silver mining in Mexico and related activities including property acquisition exploration development mineral extraction processing refining and reclamation. The Company is also engaged in exploration activities in Chile. Its producing mines include Guanacevi Mine which is located 260 kilometers northwest of the city of Durango Mexico; Bolanitos Mine which is located 10 kilometers northwest of the city of Guanajuato Mexico and El Cubo Mine which is located six kilometers southeast of the city of Guanajuato. Its exploration projects include Guadalupe y Calvo an advanced silver-gold exploration project; Parral Mine which is located around 210 kilometers south of the city of Chihuahua Mexico; Terronera a project is located 40 kilometers northeast of Puerto Vallarta in the state of Jalisco Mexico and Lourdes an early-stage exploration silver and gold property.

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