Analysts Set Endeavour Silver Corp. (NYSE:EXK) Target Price at $6.56

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $6.56.

Several equities analysts have recently weighed in on the company. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, February 12th. TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating on the stock. HC Wainwright cut their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th.

Endeavour Silver Stock Performance

NYSE EXK opened at $3.94 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of -30.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The business’s 50 day moving average price is $3.79 and its 200-day moving average price is $3.96. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its stake in Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after purchasing an additional 658,215 shares during the period. Tidal Investments LLC increased its stake in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock valued at $40,914,000 after buying an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of Endeavour Silver by 0.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock valued at $39,545,000 after buying an additional 99,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock valued at $23,858,000 after buying an additional 3,581,936 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Endeavour Silver by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock valued at $21,748,000 after buying an additional 288,166 shares during the period. Hedge funds and other 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.