Endeavour Silver (NYSE:EXK) PT Raised to $7.00

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its target price lifted by CIBC from $6.00 to $7.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the mining company’s stock. CIBC’s price target indicates a potential upside of 51.19% from the stock’s current price.

Several other equities analysts also recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $6.25 price objective on shares of Endeavour Silver in a research note on Wednesday. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. BMO Capital Markets assumed coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price target for the company. Finally, Alliance Global Partners increased their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Endeavour Silver presently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Endeavour Silver Trading Up 16.3 %

Shares of NYSE:EXK traded up $0.65 during midday trading on Wednesday, hitting $4.63. 11,452,422 shares of the stock traded hands, compared to its average volume of 5,469,964. The stock has a market capitalization of $1.14 billion, a PE ratio of -231.50 and a beta of 1.69. The business’s 50 day moving average is $3.59 and its two-hundred day moving average is $2.57. The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Endeavour Silver has a one year low of $1.42 and a one year high of $4.63.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC increased its stake in shares of Endeavour Silver by 158.3% during the first quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock valued at $355,000 after purchasing an additional 90,259 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Endeavour Silver during the first quarter valued at approximately $19,008,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after purchasing an additional 6,800 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares in the last quarter. 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.