Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday.

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 research analysts have also commented on the company. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Endeavour Silver Corporation in a research report on Thursday, August 31st. Canaccord Genuity started coverage on Endeavour Silver Corporation in a research report on Thursday, September 7th. They set a “hold” rating for the company. ValuEngine lowered Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Noble Financial restated a “buy” rating on shares of Endeavour Silver Corporation in a research report on Friday, August 4th. Finally, BidaskClub lowered Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.25.

Endeavour Silver Corporation (NYSE:EXK) opened at 2.51 on Thursday. Endeavour Silver Corporation has a 1-year low of $2.08 and a 1-year high of $5.07. The stock’s 50 day moving average is $2.48 and its 200-day moving average is $2.82. The firm has a market cap of $319.91 million, a P/E ratio of 49.22 and a beta of -0.05.

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Institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Endeavour Silver Corporation by 5.5% during the 2nd quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock worth $115,000 after purchasing an additional 1,925 shares in the last quarter. Pacad Investment Ltd. raised its stake in shares of Endeavour Silver Corporation by 94.0% during the 2nd quarter. Pacad Investment Ltd. now owns 74,090 shares of the mining company’s stock worth $226,000 after purchasing an additional 35,900 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Endeavour Silver Corporation during the 2nd quarter worth about $361,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Endeavour Silver Corporation by 247.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,983 shares of the mining company’s stock worth $387,000 after purchasing an additional 90,461 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Endeavour Silver Corporation by 666.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock worth $1,023,000 after purchasing an additional 291,507 shares in the last quarter. 25.09% of the stock is owned by institutional investors.

About Endeavour Silver Corporation

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in 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.

Analyst Recommendations for Endeavour Silver Corporation (NYSE:EXK)

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