CIBC reissued their underperform rating on shares of Endeavour Silver Corp. (NYSE:EXK) in a research note published on Wednesday. The firm currently has a $6.00 price objective on the mining company’s stock, up from their previous price objective of $5.50.

A number of other research firms have also commented on EXK. Zacks Investment Research upgraded Endeavour Silver Corp. from a hold rating to a buy rating and set a $5.50 price objective on the stock in a research note on Friday, September 16th. RBC Capital Markets restated a sector perform rating and set a $7.75 price objective on shares of Endeavour Silver Corp. in a research note on Friday, September 9th. Raymond James Financial Inc. upgraded Endeavour Silver Corp. from an underperform rating to a market perform rating in a research note on Monday, June 27th. National Bank Financial assumed coverage on Endeavour Silver Corp. in a research note on Thursday, September 8th. They issued a sector perform rating on the stock. Finally, TD Securities reiterated a hold rating and issued a $6.50 price target (up previously from $5.50) on shares of Endeavour Silver Corp. in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Endeavour Silver Corp. presently has an average rating of Hold and an average price target of $4.38.

Endeavour Silver Corp. (NYSE:EXK) traded down 5.05% during midday trading on Wednesday, reaching $4.14. The company had a trading volume of 1,535,505 shares. The company’s market capitalization is $520.16 million. Endeavour Silver Corp. has a 12-month low of $1.00 and a 12-month high of $5.95. The stock has a 50-day moving average price of $5.06 and a 200 day moving average price of $4.14.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth about $3,291,000. Canada Pension Plan Investment Board increased its position in shares of Endeavour Silver Corp. by 7.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,561,200 shares of the mining company’s stock worth $3,850,000 after buying an additional 109,600 shares in the last quarter. A.R.T. Advisors LLC increased its position in shares of Endeavour Silver Corp. by 250.9% in the first quarter. A.R.T. Advisors LLC now owns 207,543 shares of the mining company’s stock worth $510,000 after buying an additional 148,400 shares in the last quarter. National Planning Corp increased its position in shares of Endeavour Silver Corp. by 0.8% in the second quarter. National Planning Corp now owns 254,329 shares of the mining company’s stock worth $1,300,000 after buying an additional 2,047 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth about $2,007,000. 23.56% of the stock is currently owned by institutional investors.

About Endeavour Silver Corp.

Endeavour Silver Corp. is a mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

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