Endeavour Silver Corporation (EXK) Stock Price Down 5.2%

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s share price was down 5.2% during mid-day trading on Tuesday . The stock traded as low as $2.51 and last traded at $2.56. Approximately 2,561,449 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 1,674,190 shares. The stock had previously closed at $2.70.

Several equities analysts have issued reports on EXK shares. HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of Endeavour Silver Corporation in a research note on Thursday, August 31st. BidaskClub lowered Endeavour Silver Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine lowered Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Noble Financial reissued a “buy” rating on shares of Endeavour Silver Corporation in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered Endeavour Silver Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Endeavour Silver Corporation has a consensus rating of “Hold” and a consensus target price of $5.25.

The stock has a market cap of $327.56 million, a P/E ratio of 50.39 and a beta of -0.05. The firm has a 50-day moving average price of $2.46 and a 200 day moving average price of $2.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXK. UBS Group AG lifted its stake in shares of Endeavour Silver Corporation by 16.0% in the 1st quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock valued at $2,363,000 after purchasing an additional 102,656 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Endeavour Silver Corporation by 0.5% in the 1st quarter. Renaissance Technologies LLC now owns 5,476,800 shares of the mining company’s stock valued at $17,416,000 after purchasing an additional 29,500 shares during the period. Bank of Montreal Can lifted its stake in shares of Endeavour Silver Corporation by 1,730.2% in the 2nd quarter. Bank of Montreal Can now owns 2,058,260 shares of the mining company’s stock valued at $6,278,000 after purchasing an additional 1,945,800 shares during the period. Sprott Inc. lifted its stake in shares of Endeavour Silver Corporation by 38.5% in the 2nd quarter. Sprott Inc. now owns 693,316 shares of the mining company’s stock valued at $2,115,000 after purchasing an additional 192,557 shares during the period. Finally, Pacad Investment Ltd. lifted its stake in shares of Endeavour Silver Corporation by 94.0% in the 2nd quarter. Pacad Investment Ltd. now owns 74,090 shares of the mining company’s stock valued at $226,000 after purchasing an additional 35,900 shares during the period. Institutional investors own 25.09% of the company’s stock.

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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.

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