Endeavour Silver Corp. (EXK) Earns Underperform Rating from CIBC
Endeavour Silver Corp. (NYSE:EXK)‘s stock had its “underperform” rating restated by research analysts at CIBC in a research note issued to investors on Wednesday. They presently have a $6.00 price objective on the mining company’s stock, up from their prior price objective of $5.50. CIBC’s price objective suggests a potential upside of 42.52% from the company’s current price.
Several other research analysts have also recently commented on the company. Zacks Investment Research upgraded Endeavour Silver Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Friday, September 16th. RBC Capital Markets restated a “sector perform” rating and set a $7.75 price objective on shares of Endeavour Silver Corp. in a research note on Friday, September 9th. National Bank Financial initiated coverage on Endeavour Silver Corp. in a research note on Thursday, September 8th. They set a “sector perform” rating on the stock. TD Securities restated a “hold” rating and set a $6.50 price objective (up previously from $5.50) on shares of Endeavour Silver Corp. in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. upgraded Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 27th. 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.38.
Endeavour Silver Corp. (NYSE:EXK) traded up 2.93% during mid-day trading on Wednesday, hitting $4.21. The stock had a trading volume of 2,901,629 shares. The stock’s market cap is $528.96 million. The company has a 50-day moving average of $4.97 and a 200-day moving average of $4.15. Endeavour Silver Corp. has a 12-month low of $1.00 and a 12-month high of $5.95.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/endeavour-silver-corp-exk-earns-underperform-rating-from-cibc.html
Several institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC raised its position in Endeavour Silver Corp. by 24.5% in the second quarter. A.R.T. Advisors LLC now owns 258,443 shares of the mining company’s stock valued at $1,020,000 after buying an additional 50,900 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth about $191,000. Van ECK Associates Corp raised its position in shares of Endeavour Silver Corp. by 43.1% in the second quarter. Van ECK Associates Corp now owns 11,827,129 shares of the mining company’s stock worth $46,717,000 after buying an additional 3,561,512 shares during the period. Spark Investment Management LLC raised its position in shares of 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 during the period. Finally, Sprott Inc. raised its position in shares of Endeavour Silver Corp. by 30.2% in the second quarter. Sprott Inc. now owns 373,010 shares of the mining company’s stock worth $1,473,000 after buying an additional 86,610 shares during the period. 23.56% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Endeavour Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver Corp. and related companies with MarketBeat.com's FREE daily email newsletter.