Endeavour Silver Corporation (EXK) Now Covered by Analysts at Canaccord Genuity

Canaccord Genuity assumed coverage on shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in a research report report published on Thursday, September 7th. The brokerage issued a hold rating on the mining company’s stock.

A number of other analysts have also issued reports on the company. HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of Endeavour Silver Corporation in a report on Thursday, August 31st. BidaskClub lowered Endeavour Silver Corporation from a sell rating to a strong sell rating in a report on Tuesday, August 8th. Noble Financial restated a buy rating on shares of Endeavour Silver Corporation in a report on Friday, August 4th. Zacks Investment Research lowered Endeavour Silver Corporation from a strong-buy rating to a hold rating in a report on Tuesday, July 18th. Finally, ValuEngine lowered Endeavour Silver Corporation from a hold rating to a sell rating in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Endeavour Silver Corporation has a consensus rating of Hold and a consensus target price of $5.38.

Shares of Endeavour Silver Corporation (NYSE:EXK) traded down 2.37% on Thursday, hitting $2.47. The stock had a trading volume of 2,305,105 shares. Endeavour Silver Corporation has a 52-week low of $2.08 and a 52-week high of $5.84. The company has a market cap of $314.82 million and a P/E ratio of 48.43. The company has a 50-day moving average of $2.43 and a 200-day moving average of $2.94.

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Hedge funds have recently modified their holdings of the company. UBS Group AG increased its position in shares of Endeavour Silver Corporation by 16.0% during the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock worth $2,363,000 after purchasing an additional 102,656 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Endeavour Silver Corporation by 15.2% during the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock worth $4,804,000 after purchasing an additional 199,276 shares in the last quarter. Sprott Inc. increased its position in shares of Endeavour Silver Corporation by 38.5% during the second quarter. Sprott Inc. now owns 693,316 shares of the mining company’s stock worth $2,115,000 after purchasing an additional 192,557 shares in the last quarter. Bank of Montreal Can increased its position in shares of Endeavour Silver Corporation by 912.4% in the 1st quarter. Bank of Montreal Can now owns 112,460 shares of the mining company’s stock valued at $358,000 after acquiring an additional 101,352 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Endeavour Silver Corporation by 0.5% in the 1st quarter. Renaissance Technologies LLC now owns 5,476,800 shares of the mining company’s stock valued at $17,416,000 after acquiring an additional 29,500 shares during the period. 25.13% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Endeavour Silver Corporation (NYSE:EXK)

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