Trading Report: The Endeavour Silver Corp. (EXK) Earns Underperform Rating from CIBC

The Endeavour Silver Corp. (EXK) Earns Underperform Rating from CIBC

Endeavour Silver Corp. (NYSE:EXK)‘s stock had its “underperform” rating restated by research analysts at CIBC in a research note issued to investors on Wednesday. They presently have a $6.00 price objective on the mining company’s stock, up from their prior price objective of $5.50. CIBC’s price objective suggests a potential upside of 42.52% from the company’s current price.

Several other research analysts have also recently commented on the company. Zacks Investment Research upgraded Endeavour Silver Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Friday, September 16th. RBC Capital Markets restated a “sector perform” rating and set a $7.75 price objective on shares of Endeavour Silver Corp. in a research note on Friday, September 9th. National Bank Financial initiated coverage on Endeavour Silver Corp. in a research note on Thursday, September 8th. They set a “sector perform” rating on the stock. TD Securities restated a “hold” rating and set a $6.50 price objective (up previously from $5.50) on shares of Endeavour Silver Corp. in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. upgraded Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.38.

Endeavour Silver Corp. (NYSE:EXK) traded up 2.93% during mid-day trading on Wednesday, hitting $4.21. The stock had a trading volume of 2,901,629 shares. The stock’s market cap is $528.96 million. The company has a 50-day moving average of $4.97 and a 200-day moving average of $4.15. Endeavour Silver Corp. has a 12-month low of $1.00 and a 12-month high of $5.95.

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Several institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC raised its position in Endeavour Silver Corp. by 24.5% in the second quarter. A.R.T. Advisors LLC now owns 258,443 shares of the mining company’s stock valued at $1,020,000 after buying an additional 50,900 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth about $191,000. Van ECK Associates Corp raised its position in shares of Endeavour Silver Corp. by 43.1% in the second quarter. Van ECK Associates Corp now owns 11,827,129 shares of the mining company’s stock worth $46,717,000 after buying an additional 3,561,512 shares during the period. Spark Investment Management LLC raised its position in shares of Endeavour Silver Corp. by 26.3% in the second quarter. Spark Investment Management LLC now owns 36,000 shares of the mining company’s stock worth $141,000 after buying an additional 7,500 shares during the period. Finally, Sprott Inc. raised its position in shares of Endeavour Silver Corp. by 30.2% in the second quarter. Sprott Inc. now owns 373,010 shares of the mining company’s stock worth $1,473,000 after buying an additional 86,610 shares during the period. 23.56% of the stock is owned by institutional investors.

About Endeavour Silver Corp.

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