Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “

A number of other equities analysts have also recently commented on EXK. TD Securities reissued a “hold” rating and set a $6.50 price target (up previously from $5.50) on shares of Endeavour Silver Corp. in a report on Thursday, August 4th. National Bank Financial initiated coverage on Endeavour Silver Corp. in a report on Thursday, September 8th. They set a “sector perform” rating for the company. RBC Capital Markets reissued a “sector perform” rating and set a $7.75 price target on shares of Endeavour Silver Corp. in a report on Friday, September 9th. CIBC reissued an “underperform” rating and set a $6.00 price target (up previously from $5.50) on shares of Endeavour Silver Corp. in a report on Wednesday, October 5th. Finally, GMP Securities raised Endeavour Silver Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.11.

Analyst Recommendations for Endeavour Silver Corp. (NYSE:EXK)

Shares of Endeavour Silver Corp. (NYSE:EXK) traded down 5.33% during trading on Wednesday, reaching $3.73. The company’s stock had a trading volume of 2,184,161 shares. The company’s 50 day moving average price is $4.27 and its 200 day moving average price is $4.41. Endeavour Silver Corp. has a 12 month low of $1.00 and a 12 month high of $5.95. The firm’s market cap is $474.01 million.

Endeavour Silver Corp. (NYSE:EXK) last posted its quarterly earnings results on Thursday, November 3rd. The mining company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Endeavour Silver Corp. had a positive return on equity of 7.83% and a negative net margin of 74.40%. On average, equities analysts predict that Endeavour Silver Corp. will post $0.11 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Endeavour Silver Corp. by 43.1% in the second quarter. Van ECK Associates Corp now owns 11,827,129 shares of the mining company’s stock worth $46,717,000 after buying an additional 3,561,512 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endeavour Silver Corp. by 2.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,126,349 shares of the mining company’s stock worth $21,099,000 after buying an additional 96,675 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Endeavour Silver Corp. by 15.0% in the third quarter. Global X Management Co. LLC now owns 1,686,657 shares of the mining company’s stock worth $8,653,000 after buying an additional 219,646 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Endeavour Silver Corp. by 17.1% in the third quarter. Alps Advisors Inc. now owns 975,927 shares of the mining company’s stock worth $5,007,000 after buying an additional 142,825 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in shares of Endeavour Silver Corp. during the third quarter worth about $4,516,000. 22.76% of the stock is owned by institutional investors and hedge funds.

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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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