Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.00.
Several analysts recently issued reports on EXK shares. BMO Capital Markets started coverage on shares of Endeavour Silver in a report on Friday, November 17th. They set a “market perform” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Endeavour Silver in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. ValuEngine downgraded shares of Endeavour Silver from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver in a report on Wednesday, October 11th.
Shares of Endeavour Silver (EXK) opened at $2.39 on Friday. The stock has a market cap of $303.66, a price-to-earnings ratio of 119.50 and a beta of -0.15. Endeavour Silver has a 1-year low of $1.94 and a 1-year high of $4.90.
A number of large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its stake in Endeavour Silver by 5.5% during 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 during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Endeavour Silver by 622.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,556 shares of the mining company’s stock valued at $194,000 after purchasing an additional 68,550 shares during the last quarter. Jane Street Group LLC raised its stake in Endeavour Silver by 66.5% during the 3rd quarter. Jane Street Group LLC now owns 192,707 shares of the mining company’s stock valued at $459,000 after purchasing an additional 76,937 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in 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 purchasing an additional 90,461 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Endeavour Silver during the 3rd quarter valued at $226,000. Hedge funds and other institutional investors own 23.24% of the company’s stock.
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Endeavour Silver 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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