CIBC reiterated their underperform rating on shares of Endeavour Silver Corp. (NYSE:EXK) in a research note issued to investors on Wednesday. They currently have a $6.00 price objective on the mining company’s stock, up from their prior price objective of $5.50.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Endeavour Silver Corp. from a hold rating to a buy rating and set a $4.50 target price on the stock in a research note on Thursday, June 30th. TD Securities reissued a hold rating and issued a $6.50 target price (up previously from $5.50) on shares of Endeavour Silver Corp. in a research note on Thursday, August 4th. Raymond James Financial Inc. raised Endeavour Silver Corp. from an underperform rating to a market perform rating in a research note on Monday, June 27th. RBC Capital Markets reissued a sector perform rating and issued a $7.75 target price on shares of Endeavour Silver Corp. in a research note on Friday, September 9th. Finally, National Bank Financial started coverage on Endeavour Silver Corp. in a research note on Thursday, September 8th. They issued a sector perform rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Endeavour Silver Corp. currently has a consensus rating of Hold and an average price target of $4.38.
Shares of Endeavour Silver Corp. (NYSE:EXK) traded down 5.05% during mid-day trading on Wednesday, reaching $4.14. The company had a trading volume of 1,535,505 shares. The firm has a 50-day moving average of $5.06 and a 200-day moving average of $4.14. Endeavour Silver Corp. has a 12-month low of $1.00 and a 12-month high of $5.95. The company’s market capitalization is $520.16 million.
Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Endeavour Silver Corp. by 273.3% in the first quarter. Royal Bank of Canada now owns 54,335 shares of the mining company’s stock worth $133,000 after buying an additional 39,781 shares in the last quarter. Spark Investment Management LLC raised its stake in Endeavour Silver Corp. by 26.3% in the second quarter. Spark Investment Management LLC now owns 36,000 shares of the mining company’s stock worth $141,000 after buying an additional 7,500 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Endeavour Silver Corp. during the second quarter worth $191,000. A.R.T. Advisors LLC raised its stake in Endeavour Silver Corp. by 250.9% in the first quarter. A.R.T. Advisors LLC now owns 207,543 shares of the mining company’s stock worth $510,000 after buying an additional 148,400 shares in the last quarter. Finally, AXA purchased a new stake in Endeavour Silver Corp. during the second quarter worth $785,000. Institutional investors own 23.56% of the company’s stock.
About Endeavour Silver Corp.
Endeavour Silver Corp. is a mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and 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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