HC Wainwright Cuts Endeavour Silver (NYSE:EXK) Price Target to $6.25

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price target lowered by HC Wainwright from $6.50 to $6.25 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the mining company’s stock. HC Wainwright’s target price points to a potential upside of 72.18% from the company’s previous close.

EXK has been the topic of a number of other reports. BMO Capital Markets assumed coverage on Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective on the stock. Alliance Global Partners upped their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. Finally, CIBC upped their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $3.63 on Friday. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02. The firm’s 50-day simple moving average is $4.02 and its two-hundred day simple moving average is $2.87. The firm has a market cap of $892.51 million, a price-to-earnings ratio of -181.50 and a beta of 1.69.

Institutional Trading of Endeavour Silver

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in Endeavour Silver by 126.3% during the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock valued at $86,125,000 after buying an additional 13,657,121 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Endeavour Silver during the first quarter valued at approximately $19,008,000. Jupiter Asset Management Ltd. boosted its holdings in Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after acquiring an additional 4,046,065 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 valued at $12,892,000 after purchasing an additional 188,787 shares during the last quarter. Finally, Aristides Capital LLC bought a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $260,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.