Endeavour Silver (NYSE:EXK) (TSE:EDR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, January 10th.
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. “
Several other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Endeavour Silver from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BMO Capital Markets began coverage on shares of Endeavour Silver in a research note on Friday, November 17th. They set a “market perform” rating for the company. HC Wainwright set a $6.00 target price on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Noble Financial restated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.94.
Endeavour Silver (NYSE:EXK) opened at $2.26 on Wednesday. Endeavour Silver has a twelve month low of $1.94 and a twelve month high of $4.90. The stock has a market capitalization of $288.78, a PE ratio of 113.00 and a beta of -0.03.
Hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of 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 acquiring an additional 1,925 shares during the period. Essex Investment Management Co. LLC purchased a new position in shares of Endeavour Silver during the 4th quarter worth approximately $142,000. Pacad Investment Ltd. increased its stake in shares of Endeavour Silver 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 purchasing an additional 35,900 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of 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 worth $194,000 after purchasing an additional 68,550 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $226,000. Institutional investors own 21.67% of the company’s stock.
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About Endeavour Silver
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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