Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) reached a new 52-week low on Thursday . The stock traded as low as $2.53 and last traded at $2.51, with a volume of 3,198,683 shares trading hands. The stock had previously closed at $2.89.
Several research firms have recently weighed in on EXK. BidaskClub downgraded shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver Corporation in a research note on Friday, June 9th. Raymond James Financial, Inc. raised shares of Endeavour Silver Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 5th. Zacks Investment Research downgraded shares of Endeavour Silver Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of Endeavour Silver Corporation in a research note on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.71.
The company has a 50-day moving average price of $3.00 and a 200 day moving average price of $3.38. The firm has a market capitalization of $315.07 million, a P/E ratio of 39.286 and a beta of -0.01.
Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, May 3rd. The mining company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Endeavour Silver Corporation had a net margin of 5.35% and a return on equity of 6.33%. The company had revenue of $36.44 million during the quarter, compared to analysts’ expectations of $36.31 million. On average, analysts forecast that Endeavour Silver Corporation will post $0.12 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Endeavour Silver Corporation by 32.5% in the first quarter. Van ECK Associates Corp now owns 20,341,055 shares of the mining company’s stock valued at $64,685,000 after buying an additional 4,989,578 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 valued at $17,416,000 after buying an additional 29,500 shares in the last quarter. Bank of Montreal Can boosted its position in shares of 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 valued at $6,278,000 after buying an additional 1,945,800 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Endeavour Silver Corporation by 15.2% in the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock valued at $4,804,000 after buying an additional 199,276 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock valued at $2,363,000 after buying an additional 102,656 shares in the last quarter. 32.43% of the stock is owned by institutional investors.
About Endeavour Silver Corporation
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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