Trading Report: The Endeavour Silver Corp. (EXK) Rating Reiterated by CIBC

The Endeavour Silver Corp. (EXK) Rating Reiterated by CIBC

Endeavour Silver Corp. (NYSE:EXK)‘s stock had its “underperform” rating reissued by equities researchers at CIBC in a research note issued on Wednesday. They presently have a $6.00 price target on the mining company’s stock, up from their prior price target of $5.50. CIBC’s target price would indicate a potential upside of 34.53% from the stock’s current price.

A number of other brokerages have also commented on EXK. Zacks Investment Research raised shares of Endeavour Silver Corp. from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Thursday, June 30th. TD Securities reaffirmed a “hold” rating and set a $6.50 target price (up from $5.50) on shares of Endeavour Silver Corp. in a research report on Thursday, August 4th. Raymond James Financial Inc. raised shares of Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 27th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $7.75 target price on shares of Endeavour Silver Corp. in a research report on Friday, September 9th. Finally, National Bank Financial began coverage on shares of Endeavour Silver Corp. in a research report on Thursday, September 8th. They set a “sector perform” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Endeavour Silver Corp. has an average rating of “Hold” and an average target price of $4.38.

Shares of Endeavour Silver Corp. (NYSE:EXK) traded down 3.81% on Wednesday, reaching $4.29. The company’s stock had a trading volume of 636,399 shares. Endeavour Silver Corp. has a 12-month low of $1.00 and a 12-month high of $5.95. The company’s 50 day moving average price is $5.10 and its 200 day moving average price is $4.14. The company’s market cap is $539.01 million.

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Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in Endeavour Silver Corp. by 7.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,561,200 shares of the mining company’s stock valued at $3,850,000 after buying an additional 109,600 shares in the last quarter. A.R.T. Advisors LLC raised its position in Endeavour Silver Corp. by 250.9% in the first quarter. A.R.T. Advisors LLC now owns 207,543 shares of the mining company’s stock valued at $510,000 after buying an additional 148,400 shares in the last quarter. Royal Bank of Canada raised its position in Endeavour Silver Corp. by 273.3% in the first quarter. Royal Bank of Canada now owns 54,335 shares of the mining company’s stock valued at $133,000 after buying an additional 39,781 shares in the last quarter. Alps Advisors Inc. purchased a new position in Endeavour Silver Corp. during the second quarter valued at about $3,291,000. Finally, Global X Management Co. LLC raised its position in Endeavour Silver Corp. by 1.3% in the second quarter. Global X Management Co. LLC now owns 1,467,011 shares of the mining company’s stock valued at $5,795,000 after buying an additional 18,499 shares in the last quarter. 23.56% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver Corp.

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