Endeavour Silver (NYSE:EXK) Price Target Raised to $7.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price upped by CIBC from $6.00 to $7.00 in a research note released on Wednesday morning, Benzinga reports. CIBC currently has a neutral rating on the mining company’s stock.

Other research analysts also recently issued reports about the company. BMO Capital Markets initiated coverage on Endeavour Silver in a research note on Monday, June 17th. They set an outperform rating and a $6.00 target price for the company. HC Wainwright reiterated a buy rating and set a $6.25 target price on shares of Endeavour Silver in a research note on Wednesday. StockNews.com raised Endeavour Silver to a sell rating in a report on Friday, May 10th. Finally, Alliance Global Partners lifted their price target on Endeavour Silver from $4.00 to $5.25 and gave the stock a buy rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $5.90.

Endeavour Silver Stock Down 2.1 %

EXK stock opened at $4.74 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $2.62. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -237.00 and a beta of 1.69. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $4.86.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently modified their holdings of EXK. Atria Wealth Solutions Inc. bought a new position in shares of Endeavour Silver in the 4th quarter valued at $25,000. Dynamic Technology Lab Private Ltd bought a new stake in Endeavour Silver during the 4th quarter worth $30,000. MCIA Inc bought a new stake in Endeavour Silver during the 1st quarter worth $34,000. Integrated Advisors Network LLC bought a new stake in Endeavour Silver during the 3rd quarter worth $41,000. Finally, SG Americas Securities LLC grew its position in Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after acquiring an additional 7,852 shares during the last quarter. Institutional investors 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.