Endeavour Silver (NYSE:EXK) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a sell rating in a research note published on Wednesday morning.

Several other research firms have also weighed in on EXK. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. TD Securities began coverage on Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. Finally, HC Wainwright dropped their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Trading Up 5.6 %

NYSE EXK opened at $4.15 on Wednesday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -31.92 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. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The company’s 50 day moving average price is $3.81 and its 200 day moving average price is $3.93.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently modified their holdings of EXK. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 in the last quarter. American Century Companies Inc. increased its holdings in shares of Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after acquiring an additional 1,937,150 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after acquiring an additional 658,215 shares in the last quarter. Quantbot Technologies LP lifted its stake in Endeavour Silver by 1,407.0% during the fourth quarter. Quantbot Technologies LP now owns 383,014 shares of the mining company’s stock worth $1,402,000 after purchasing an additional 357,599 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new position in Endeavour Silver in the third quarter worth $1,382,000. 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.