Endeavour Silver Corp. (NYSE:EXK) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,349,710 shares, an increase of 82.2% from the September 15th total of 2,387,651 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 3,553,716 shares, the days-to-cover ratio is presently 1.2 days.

A number of equities research analysts have recently weighed in on the company. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $7.75 price objective on shares of Endeavour Silver Corp. in a research note on Friday, September 9th. CIBC reaffirmed an “underperform” rating and issued a $6.00 price objective (up from $5.50) on shares of Endeavour Silver Corp. in a research note on Wednesday, October 5th. National Bank Financial assumed coverage on Endeavour Silver Corp. in a research note on Thursday, September 8th. They issued a “sector perform” rating for the company. Zacks Investment Research raised Endeavour Silver Corp. from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Friday, September 16th. Finally, Raymond James Financial Inc. raised Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Endeavour Silver Corp. presently has an average rating of “Hold” and a consensus price target of $4.38.

Several hedge funds and other institutional investors have recently modified their holdings of the company. National Planning Corp raised 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. Spark Investment Management LLC raised its position in shares of Endeavour Silver Corp. by 26.3% in the second quarter. Spark Investment Management LLC now owns 36,000 shares of the mining company’s stock worth $141,000 after buying an additional 7,500 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Endeavour Silver Corp. by 1.3% in the second quarter. Global X Management Co. LLC now owns 1,467,011 shares of the mining company’s stock worth $5,795,000 after buying an additional 18,499 shares in the last quarter. Royal Bank of Canada raised its position in shares of Endeavour Silver Corp. by 72.2% in the second quarter. Royal Bank of Canada now owns 93,558 shares of the mining company’s stock worth $370,000 after buying an additional 39,223 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Endeavour Silver Corp. during the second quarter worth $191,000. 23.62% of the stock is currently owned by institutional investors.

Endeavour Silver Corp. (NYSE:EXK) opened at 4.28 on Tuesday. The stock’s market capitalization is $537.75 million. Endeavour Silver Corp. has a 12-month low of $1.00 and a 12-month high of $5.95. The company has a 50-day moving average price of $4.83 and a 200-day moving average price of $4.24.

Endeavour Silver Corp. Company Profile

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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