Endeavour Silver (NYSE:EXK) Price Target Increased to $6.00 by Analysts at CIBC

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective upped by CIBC from $4.25 to $6.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the mining company’s stock.

Other equities analysts have also issued reports about the company. StockNews.com raised Endeavour Silver to a sell rating in a research report on Friday, May 10th. HC Wainwright reissued a buy rating and set a $6.25 price target on shares of Endeavour Silver in a research report on Friday, May 10th.

Endeavour Silver Stock Performance

NYSE EXK opened at $3.76 on Wednesday. The firm has a market capitalization of $902.48 million, a P/E ratio of -187.75 and a beta of 1.67. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $4.09. 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 business’s 50-day simple moving average is $2.82 and its 200-day simple moving average is $2.19.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Monday, March 11th. The mining company reported $0.02 EPS for the quarter. The firm had revenue of $50.50 million for the quarter. Endeavour Silver had a negative return on equity of 0.51% and a negative net margin of 0.72%. During the same period last year, the firm posted $0.04 earnings per share. Equities analysts predict that Endeavour Silver will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Endeavour Silver by 12.9% during the 1st quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock worth $26,052,000 after purchasing an additional 1,237,440 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in 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 last quarter. Tidal Investments LLC purchased a new stake in Endeavour Silver during the 1st quarter worth approximately $19,008,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 last quarter. Finally, Swiss National Bank increased its holdings in shares of Endeavour Silver by 2.7% in 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 during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.