Endeavour Silver Corp (EXK) Upgraded by Zacks Investment Research to Hold
Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Friday.
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. “
EXK has been the subject of several other reports. BidaskClub cut shares of Endeavour Silver Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Endeavour Silver Corp in a research note on Tuesday, July 4th. Canaccord Genuity assumed coverage on shares of Endeavour Silver Corp in a research note on Thursday, September 7th. They set a “hold” rating on the stock. Finally, Noble Financial reiterated a “buy” rating on shares of Endeavour Silver Corp in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.25.
Endeavour Silver Corp (NYSE:EXK) traded down 1.71% during trading on Friday, hitting $2.30. The company had a trading volume of 1,184,569 shares. The stock has a market capitalization of $293.15 million, a price-to-earnings ratio of 45.10 and a beta of -0.05. The firm’s 50 day moving average is $2.48 and its 200-day moving average is $2.80. Endeavour Silver Corp has a 52-week low of $2.08 and a 52-week high of $5.07.
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A number of large investors have recently made changes to their positions in EXK. Bank of Montreal Can raised its stake in Endeavour Silver Corp by 1,730.2% during the 2nd quarter. Bank of Montreal Can now owns 2,058,260 shares of the mining company’s stock worth $6,278,000 after acquiring an additional 1,945,800 shares in the last quarter. ETF Managers Group LLC acquired a new stake in Endeavour Silver Corp during the 2nd quarter worth $2,361,000. Goldman Sachs Group Inc. raised its stake in Endeavour Silver Corp 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 acquiring an additional 291,507 shares in the last quarter. Sprott Inc. raised its stake in Endeavour Silver Corp by 38.5% during the 2nd quarter. Sprott Inc. now owns 693,316 shares of the mining company’s stock worth $2,115,000 after acquiring an additional 192,557 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Endeavour Silver Corp during the 2nd quarter worth $361,000. Hedge funds and other institutional investors own 25.09% of the company’s stock.
Endeavour Silver Corp Company Profile
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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