Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) was down 5.2% on Tuesday . The company traded as low as $2.51 and last traded at $2.56. Approximately 2,561,449 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 1,674,190 shares. The stock had previously closed at $2.70.
A number of equities research analysts have recently weighed in on EXK shares. ValuEngine lowered shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. HC Wainwright restated a “buy” rating and issued a $6.00 price objective on shares of Endeavour Silver Corporation in a report on Tuesday, July 4th. Zacks Investment Research upgraded shares of Endeavour Silver Corporation from a “hold” rating to a “strong-buy” rating and set a $3.50 price objective on the stock in a report on Tuesday, July 4th. BidaskClub lowered shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Noble Financial restated a “buy” rating on shares of Endeavour Silver Corporation in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.25.
The firm’s 50 day moving average price is $2.44 and its 200 day moving average price is $2.83. The stock has a market cap of $326.29 million, a price-to-earnings ratio of 50.20 and a beta of -0.05.
Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its holdings in Endeavour Silver Corporation by 5.5% in the second quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock valued at $115,000 after acquiring an additional 1,925 shares in the last quarter. Pacad Investment Ltd. raised its holdings 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 valued at $226,000 after acquiring an additional 35,900 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Endeavour Silver Corporation in the second quarter valued at $361,000. Dynamic Technology Lab Private Ltd raised its holdings in Endeavour Silver Corporation by 247.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 126,983 shares of the mining company’s stock valued at $387,000 after acquiring an additional 90,461 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Endeavour Silver Corporation by 666.6% in the second quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock valued at $1,023,000 after acquiring an additional 291,507 shares in the last quarter. 25.09% of the stock is currently owned by hedge funds and other institutional investors.
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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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