Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday.

According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “

A number of other equities analysts have also commented on EXK. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver Corporation in a research report on Wednesday. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver Corporation in a report on Wednesday. BidaskClub lowered shares of Endeavour Silver Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine lowered shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Canaccord Genuity assumed coverage on shares of Endeavour Silver Corporation in a report on Thursday, September 7th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Endeavour Silver Corporation currently has an average rating of “Hold” and a consensus target price of $5.25.

Shares of Endeavour Silver Corporation (EXK) traded down 1.56% during mid-day trading on Thursday, hitting $2.53. 1,298,109 shares of the stock traded hands. The firm has a market capitalization of $322.46 million, a P/E ratio of 49.61 and a beta of -0.05. The company’s 50 day moving average is $2.47 and its 200 day moving average is $2.82. Endeavour Silver Corporation has a one year low of $2.08 and a one year high of $5.07.

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Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of Endeavour Silver Corporation 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. Pacad Investment Ltd. boosted its position in Endeavour Silver Corporation by 94.0% during the 2nd quarter. Pacad Investment Ltd. now owns 74,090 shares of the mining company’s stock worth $226,000 after buying an additional 35,900 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Endeavour Silver Corporation during the 2nd quarter worth approximately $361,000. Dynamic Technology Lab Private Ltd boosted its position in Endeavour Silver Corporation by 247.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,983 shares of the mining company’s stock worth $387,000 after buying an additional 90,461 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Endeavour Silver Corporation 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 period. Institutional investors own 25.09% of the company’s stock.

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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