Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has received a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.25.
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Noble Financial restated a “buy” rating on shares of Endeavour Silver Corporation in a report on Friday, June 9th. Zacks Investment Research cut shares of Endeavour Silver Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Endeavour Silver Corporation in a report on Tuesday, July 4th. Finally, TheStreet upgraded shares of Endeavour Silver Corporation from a “d” rating to a “c-” rating in a report on Tuesday, May 30th.
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Hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. boosted its stake in Endeavour Silver Corporation by 94.0% in the second quarter. Pacad Investment Ltd. now owns 74,090 shares of the mining company’s stock worth $226,000 after buying an additional 35,900 shares during the period. Sprott Inc. boosted its stake in Endeavour Silver Corporation by 38.5% in the second quarter. Sprott Inc. now owns 693,316 shares of the mining company’s stock worth $2,115,000 after buying an additional 192,557 shares during the period. Bank of Montreal Can boosted its stake in Endeavour Silver Corporation by 1,730.2% in the second quarter. Bank of Montreal Can now owns 2,058,260 shares of the mining company’s stock worth $6,278,000 after buying an additional 1,945,800 shares during the period. Renaissance Technologies LLC boosted its stake in Endeavour Silver Corporation by 0.5% in the first quarter. Renaissance Technologies LLC now owns 5,476,800 shares of the mining company’s stock worth $17,416,000 after buying an additional 29,500 shares during the period. Finally, UBS Group AG boosted its stake in Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock worth $2,363,000 after buying an additional 102,656 shares during the period. Institutional investors own 32.15% of the company’s stock.
Shares of Endeavour Silver Corporation (EXK) traded down 4.87% on Friday, hitting $2.15. 1,603,866 shares of the stock traded hands. The stock has a market cap of $274.03 million, a P/E ratio of 42.16 and a beta of -0.01. The stock’s 50 day moving average price is $2.88 and its 200 day moving average price is $3.31. Endeavour Silver Corporation has a 52-week low of $2.08 and a 52-week high of $5.89.
Endeavour Silver Corporation Company Profile
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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