H.C. Wainwright Thinks Endeavour Silver Corp’s Stock is Going to Recover

By Austin Angelo

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Endeavour Silver Corp (NYSE: EXK), with a price target of $6. The company’s shares closed yesterday at $2.32, close to its 52-week high of $5.84.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 14.4% and a 43.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Paramount Gold And Silver.

Endeavour Silver Corp has an analyst consensus of Moderate Buy, with a price target consensus of $6.

Based on Endeavour Silver Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $32.64 million and GAAP net loss of $16K. In comparison, last year the company earned revenue of $44.51 million and had a net profit of $1.7 million.

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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.