Endeavour Silver Corp. (EXK) Given Consensus Recommendation of “Hold” by Brokerages
Endeavour Silver Corp. (NYSE:EXK) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.20.
A number of brokerages recently weighed in on EXK. CIBC reiterated an “underperform” rating and issued a $6.00 price target (up previously from $5.50) on shares of Endeavour Silver Corp. in a research report on Wednesday, October 5th. 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 report on Friday, September 16th. RBC Capital Markets reiterated a “sector perform” rating and issued a $7.75 price target on shares of Endeavour Silver Corp. in a research report on Friday, September 9th. National Bank Financial started coverage on Endeavour Silver Corp. in a research report on Thursday, September 8th. They issued a “sector perform” rating on the stock. Finally, TD Securities reiterated a “hold” rating and issued a $6.50 price target (up previously from $5.50) on shares of Endeavour Silver Corp. in a research report on Thursday, August 4th.
Several hedge funds and other institutional investors have recently made changes to their positions in EXK. Van ECK Associates Corp increased 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 in the last quarter. Alps Advisors Inc. acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth about $3,291,000. Penserra Capital Management LLC acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth about $2,007,000. Jane Street Group LLC increased its position in shares of Endeavour Silver Corp. by 962.6% in the second quarter. Jane Street Group LLC now owns 446,793 shares of the mining company’s stock worth $1,764,000 after buying an additional 404,745 shares in the last quarter. Finally, AXA purchased a new position in Endeavour Silver Corp. during the second quarter worth $785,000. 23.61% of the stock is currently owned by institutional investors.
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Endeavour Silver Corp. (NYSE:EXK) traded up 2.97% on Wednesday, hitting $4.16. The company had a trading volume of 1,201,139 shares. Endeavour Silver Corp. has a one year low of $1.00 and a one year high of $5.95. The company’s market capitalization is $522.67 million. The stock’s 50-day moving average price is $4.90 and its 200 day moving average price is $4.19.
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.
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