Endeavour Silver Corporation (EXK) Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday, August 8th.

Several other research firms have also recently weighed in on EXK. Noble Financial restated a buy rating on shares of Endeavour Silver Corporation in a research note on Friday, April 14th. Zacks Investment Research upgraded Endeavour Silver Corporation from a strong sell rating to a hold rating in a research note on Tuesday, April 18th. HC Wainwright restated a buy rating and issued a $6.00 price target on shares of Endeavour Silver Corporation in a research note on Tuesday, July 4th. TheStreet upgraded Endeavour Silver Corporation from a d rating to a c- rating in a research note on Tuesday, May 30th. Finally, ValuEngine cut Endeavour Silver Corporation from a hold rating to a sell rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Endeavour Silver Corporation currently has an average rating of Hold and an average target price of $5.71.

Shares of Endeavour Silver Corporation (NYSE EXK) opened at 2.22 on Tuesday. The stock has a market capitalization of $282.95 million, a price-to-earnings ratio of 43.53 and a beta of -0.01. The stock’s 50 day moving average price is $2.72 and its 200 day moving average price is $3.23. Endeavour Silver Corporation has a 12 month low of $2.08 and a 12 month high of $5.84.

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A number of hedge funds have recently bought and sold shares of EXK. Van ECK Associates Corp boosted its stake in Endeavour Silver Corporation by 32.5% in the first quarter. Van ECK Associates Corp now owns 20,341,055 shares of the mining company’s stock worth $64,685,000 after buying an additional 4,989,578 shares during the period. Renaissance Technologies LLC boosted its stake in Endeavour Silver Corporation by 0.5% in the first quarter. Renaissance Technologies LLC now owns 5,476,800 shares of the mining company’s stock worth $17,416,000 after buying an additional 29,500 shares during the period. Bank of Montreal Can boosted its stake in Endeavour Silver Corporation by 1,730.2% in the second quarter. Bank of Montreal Can now owns 2,058,260 shares of the mining company’s stock worth $6,278,000 after buying an additional 1,945,800 shares during the period. Global X Management Co. LLC boosted its stake in Endeavour Silver Corporation by 15.2% in the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock worth $4,804,000 after buying an additional 199,276 shares during the period. Finally, ETF Managers Group LLC purchased a new stake in Endeavour Silver Corporation during the second quarter worth approximately $2,361,000. Institutional investors own 31.67% of the company’s stock.

About Endeavour Silver Corporation

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.

Analyst Recommendations for Endeavour Silver Corporation (NYSE:EXK)

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