Zacks Investment Research downgraded shares of Endeavour Silver Corp. (NYSE:EXK) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

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. “

Several other equities analysts have also commented on the stock. TD Securities reiterated a hold rating and issued a $6.50 price target (up from $5.50) on shares of Endeavour Silver Corp. in a research note on Thursday, August 4th. National Bank Financial began coverage on shares of Endeavour Silver Corp. in a research note on Thursday, September 8th. They issued a sector perform rating on the stock. Raymond James Financial Inc. upgraded shares of Endeavour Silver Corp. from an underperform rating to a market perform rating in a research report on Monday, June 27th. Finally, RBC Capital Markets restated a sector perform rating and set a $7.75 target price on shares of Endeavour Silver Corp. in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $4.07.

Endeavour Silver Corp. (NYSE:EXK) opened at 5.03 on Thursday. The company has a 50 day moving average of $5.16 and a 200 day moving average of $3.93. Endeavour Silver Corp. has a 1-year low of $1.00 and a 1-year high of $5.95. The firm’s market capitalization is $631.98 million.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in 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 valued at $46,717,000 after buying an additional 3,561,512 shares during the period. Renaissance Technologies LLC increased its position in Endeavour Silver Corp. by 73.5% in the first quarter. Renaissance Technologies LLC now owns 2,739,799 shares of the mining company’s stock valued at $6,740,000 after buying an additional 1,160,899 shares during the period. Canada Pension Plan Investment Board increased its position in 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 valued at $3,850,000 after buying an additional 109,600 shares during the period. Global X Management Co. LLC increased its position in 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 valued at $5,795,000 after buying an additional 18,499 shares during the period. Finally, Alps Advisors Inc. purchased a new position in Endeavour Silver Corp. during the second quarter valued at about $3,291,000. 24.30% of the stock is owned by institutional investors and hedge funds.

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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