Endeavour Silver (NYSE:EXK) Reaches New 52-Week Low at $2.67

Endeavour Silver Corp. (NYSE:EXKGet Rating) (TSE:EDR)’s share price hit a new 52-week low on Friday . The company traded as low as $2.67 and last traded at $2.69, with a volume of 40025 shares changing hands. The stock had previously closed at $2.89.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Tuesday, August 30th. HC Wainwright lowered their price target on shares of Endeavour Silver from $8.25 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. TheStreet downgraded shares of Endeavour Silver from a “c” rating to a “d+” rating in a report on Tuesday, August 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Endeavour Silver from C$7.50 to C$6.50 in a report on Friday, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.54.

Endeavour Silver Trading Down 8.7 %

The company has a quick ratio of 4.11, a current ratio of 5.08 and a debt-to-equity ratio of 0.03. The firm has a market cap of $500.65 million, a P/E ratio of -88.67 and a beta of 1.46. The company’s 50 day simple moving average is $3.22 and its 200-day simple moving average is $3.78.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alberta Investment Management Corp raised its stake in shares of Endeavour Silver by 3.5% during the fourth quarter. Alberta Investment Management Corp now owns 80,600 shares of the mining company’s stock valued at $341,000 after acquiring an additional 2,700 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Endeavour Silver by 49.1% during the first quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock valued at $43,000 after acquiring an additional 2,971 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Endeavour Silver by 34.2% during the first quarter. SG Americas Securities LLC now owns 14,760 shares of the mining company’s stock valued at $69,000 after acquiring an additional 3,758 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Endeavour Silver by 1.0% during the first quarter. CIBC Asset Management Inc now owns 484,204 shares of the mining company’s stock valued at $2,249,000 after buying an additional 4,700 shares during the period. Finally, Marotta Asset Management increased its holdings in Endeavour Silver by 33.3% during the first quarter. Marotta Asset Management now owns 20,000 shares of the mining company’s stock valued at $93,000 after buying an additional 5,000 shares during the period. Institutional investors own 23.59% of the company’s stock.

Endeavour Silver Company Profile

(Get Rating)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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