Endeavour Silver Corporation (EXK) Receives “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in a report released on Friday. The brokerage currently has a $6.00 price target on the mining company’s stock.

EXK has been the subject of several other reports. BidaskClub cut Endeavour Silver Corporation from a hold rating to a sell rating in a research report on Thursday, July 6th. Zacks Investment Research raised Endeavour Silver Corporation from a strong sell rating to a hold rating in a research report on Friday, October 20th. Canaccord Genuity began coverage on Endeavour Silver Corporation in a research report on Thursday, September 7th. They issued a hold rating for the company. Finally, Noble Financial reissued a buy rating on shares of Endeavour Silver Corporation in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $4.94.

Shares of Endeavour Silver Corporation (NYSE EXK) opened at $2.21 on Friday. Endeavour Silver Corporation has a 12-month low of $1.94 and a 12-month high of $5.07. The firm has a market capitalization of $263.83, a P/E ratio of 103.50 and a beta of -0.13.

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A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position 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 purchasing an additional 29,500 shares during the period. Bank of Montreal Can lifted its position 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 purchasing an additional 1,945,800 shares during the period. Global X MANAGEMENT CO LLC lifted its position in Endeavour Silver Corporation by 8.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock worth $3,849,000 after purchasing an additional 122,180 shares during the period. ETF Managers Group LLC bought a new position in Endeavour Silver Corporation in the second quarter worth $2,361,000. Finally, UBS Group AG lifted its position in Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock worth $2,363,000 after purchasing an additional 102,656 shares during the period. 24.76% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Corporation Company Profile

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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