Endeavour Silver (NYSE:EXK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) to a sell rating in a report issued on Friday.

Several other equities analysts also recently commented on the stock. HC Wainwright cut their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. TD Securities initiated coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating on the stock. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Stock Performance

Shares of NYSE:EXK opened at $3.67 on Friday. The company has a market capitalization of $961.42 million, a price-to-earnings ratio of -28.19 and a beta of 1.63. Endeavour Silver has a 12 month low of $1.43 and a 12 month high of $5.67. The firm’s 50-day moving average is $3.79 and its 200 day moving average is $3.97. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of Endeavour Silver by 1.0% in the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company’s stock worth $1,034,000 after purchasing an additional 2,661 shares during the period. Vident Advisory LLC lifted its position in shares of Endeavour Silver by 2.8% in the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock worth $860,000 after purchasing an additional 6,441 shares during the period. Cantor Fitzgerald L. P. lifted its position in shares of Endeavour Silver by 33.0% in the 4th quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company’s stock worth $111,000 after purchasing an additional 7,500 shares during the period. Blue Trust Inc. lifted its position in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares during the period. Finally, Swiss National Bank lifted its position in shares of Endeavour Silver by 2.1% in the 4th quarter. Swiss National Bank now owns 485,900 shares of the mining company’s stock worth $1,781,000 after purchasing an additional 9,800 shares during the period. 20.06% of the stock is currently owned by 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.