Endeavour Silver Corp (EXK) Given Average Recommendation of “Hold” by Analysts

Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have been given an average rating of “Hold” by the eleven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.00.

A number of equities research analysts recently issued reports on the company. Noble Financial reissued a “buy” rating on shares of Endeavour Silver in a research report on Thursday, January 11th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver in a report on Thursday, January 11th. Zacks Investment Research downgraded Endeavour Silver from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine downgraded Endeavour Silver from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, BMO Capital Markets started coverage on Endeavour Silver in a report on Friday, November 17th. They issued a “market perform” rating on the stock.

Several hedge funds have recently modified their holdings of EXK. HighTower Advisors LLC boosted its holdings in shares of Endeavour Silver by 5.5% in the 2nd quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock valued at $115,000 after purchasing an additional 1,925 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Endeavour Silver by 666.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock valued at $1,023,000 after purchasing an additional 291,507 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Endeavour Silver in the 2nd quarter valued at $361,000. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Endeavour Silver by 247.7% during the 2nd 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, Global X MANAGEMENT CO LLC boosted its holdings 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 valued at $3,849,000 after acquiring an additional 122,180 shares in the last quarter. 21.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Endeavour Silver (NYSE EXK) traded down $0.11 during trading hours on Wednesday, reaching $2.29. The company had a trading volume of 1,122,500 shares, compared to its average volume of 1,534,503. The firm has a market capitalization of $293.39, a P/E ratio of 114.50 and a beta of -0.03. Endeavour Silver has a 1-year low of $1.94 and a 1-year high of $4.85.

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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.

Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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