Endeavour Silver (NYSE:EXK) Price Target Raised to $6.00 at CIBC

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective boosted by CIBC from $4.25 to $6.00 in a research note issued to investors on Wednesday morning, Benzinga reports. CIBC currently has a neutral rating on the mining company’s stock.

Several other equities analysts also recently weighed in on the company. StockNews.com upgraded Endeavour Silver to a sell rating in a research report on Friday, May 10th. HC Wainwright reaffirmed a buy rating and issued a $6.25 price target on shares of Endeavour Silver in a report on Friday, May 10th.

Endeavour Silver Stock Performance

NYSE EXK opened at $3.75 on Wednesday. The company has a market cap of $901.28 million, a PE ratio of -187.50 and a beta of 1.67. The stock’s 50 day simple moving average is $2.76 and its 200-day simple moving average is $2.17. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $4.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.63.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Monday, March 11th. The mining company reported $0.02 earnings per share for the quarter. The business had revenue of $50.50 million for the quarter. Endeavour Silver had a negative return on equity of 0.51% and a negative net margin of 0.72%. During the same quarter last year, the business earned $0.04 EPS. As a group, equities research analysts anticipate that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Endeavour Silver by 6.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 77,800 shares of the mining company’s stock worth $189,000 after acquiring an additional 4,500 shares during the last quarter. Swiss National Bank increased its stake in Endeavour Silver by 2.7% during the third quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock worth $1,046,000 after acquiring an additional 11,200 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Endeavour Silver by 8.7% during the third quarter. Jupiter Asset Management Ltd. now owns 5,728,758 shares of the mining company’s stock worth $14,068,000 after acquiring an additional 459,393 shares during the last quarter. Aigen Investment Management LP increased its stake in Endeavour Silver by 166.4% during the third quarter. Aigen Investment Management LP now owns 88,937 shares of the mining company’s stock worth $216,000 after acquiring an additional 55,557 shares during the last quarter. Finally, Rathbones Group PLC acquired a new stake in Endeavour Silver during the third quarter worth $32,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.