Endeavour Silver (NYSE:EXK) Coverage Initiated at BMO Capital Markets

Stock analysts at BMO Capital Markets began coverage on shares of Endeavour Silver (NYSE:EXKGet Free Report) (TSE:EDR) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $6.00 price target on the mining company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 58.73% from the company’s previous close.

Several other research analysts have also recently issued reports on EXK. HC Wainwright reiterated a “buy” rating and issued a $6.25 price objective on shares of Endeavour Silver in a report on Friday, May 10th. CIBC increased their target price on shares of Endeavour Silver from $4.25 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.81.

View Our Latest Stock Analysis on EXK

Endeavour Silver Trading Up 3.6 %

Endeavour Silver stock opened at $3.78 on Monday. The firm has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $2.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.63. The stock has a market capitalization of $928.94 million, a PE ratio of -189.00 and a beta of 1.72. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $4.20.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Endeavour Silver by 12.9% in the 1st quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after acquiring an additional 1,237,440 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Endeavour Silver by 60.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after purchasing an additional 4,046,065 shares during the period. Tidal Investments LLC bought a new position in shares of Endeavour Silver during the 1st quarter worth about $19,008,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Endeavour Silver by 3.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after purchasing an additional 188,787 shares during the period. Finally, Swiss National Bank boosted its position in shares of Endeavour Silver by 2.7% during the 3rd quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock valued at $1,046,000 after acquiring an additional 11,200 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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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.

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