Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.00.
A number of research firms recently issued reports on EXK. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver in a research note on Thursday, January 11th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver in a research note on Thursday, January 11th. Zacks Investment Research lowered Endeavour Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine lowered Endeavour Silver from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets began coverage on Endeavour Silver in a research note on Friday, November 17th. They issued a “market perform” rating on the stock.
Several institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake in shares of Endeavour Silver by 2,604.2% during the 4th quarter. LPL Financial LLC now owns 312,928 shares of the mining company’s stock worth $748,000 after purchasing an additional 301,356 shares during the period. Millennium Management LLC purchased a new position in shares of Endeavour Silver during the 4th quarter worth $1,351,000. Goldman Sachs Group Inc. purchased a new position in shares of Endeavour Silver during the 4th quarter worth $114,000. Renaissance Technologies LLC lifted its stake in shares of Endeavour Silver by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,887,000 shares of the mining company’s stock worth $11,680,000 after purchasing an additional 304,600 shares during the period. Finally, Ninepoint Partners LP lifted its stake in shares of Endeavour Silver by 26.4% during the 4th quarter. Ninepoint Partners LP now owns 1,022,261 shares of the mining company’s stock worth $2,443,000 after purchasing an additional 213,800 shares during the period. 21.70% of the stock is currently owned by institutional investors.
Endeavour Silver (NYSE EXK) traded down $0.11 during mid-day trading on Wednesday, reaching $2.29. The company had a trading volume of 1,122,545 shares, compared to its average volume of 1,467,199. Endeavour Silver has a 12-month low of $1.94 and a 12-month high of $4.85. The stock has a market cap of $305.89, a price-to-earnings ratio of 114.50 and a beta of -0.03.
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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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