A number of other equities research analysts also recently commented on EXK. HC Wainwright reissued a buy rating and issued a $6.00 target price on shares of Endeavour Silver in a report on Thursday. ValuEngine downgraded Endeavour Silver from a hold rating to a sell rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Endeavour Silver from a hold rating to a sell rating in a research note on Wednesday. Finally, BMO Capital Markets started coverage on Endeavour Silver in a research note on Friday, November 17th. They set a market perform rating for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $4.94.
Endeavour Silver (NYSE EXK) traded up $0.13 during trading on Thursday, reaching $2.63. The company’s stock had a trading volume of 1,609,800 shares, compared to its average volume of 1,310,000. Endeavour Silver has a 12 month low of $1.94 and a 12 month high of $4.90. The firm has a market capitalization of $334.54, a P/E ratio of 131.50 and a beta of -0.15.
Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Endeavour Silver by 666.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock worth $1,023,000 after buying an additional 291,507 shares during the last quarter. Ninepoint Partners LP acquired a new position in shares of Endeavour Silver during the 3rd quarter worth $1,924,000. ETF Managers Group LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth $2,361,000. Cubist Systematic Strategies LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth $361,000. Finally, Global X MANAGEMENT CO LLC raised its stake in shares of Endeavour Silver by 8.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock worth $3,849,000 after buying an additional 122,180 shares during the last quarter. 23.24% of the stock is owned by institutional investors and hedge funds.
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About Endeavour Silver
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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