Endeavour Silver (NYSE:EXK) Given New $6.00 Price Target at CIBC

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective increased by equities researchers at CIBC from $4.25 to $6.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the mining company’s stock. CIBC’s price target points to a potential upside of 58.31% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. HC Wainwright reaffirmed a “buy” rating and set a $6.25 price target on shares of Endeavour Silver in a research note on Friday, May 10th.

Endeavour Silver Stock Down 3.8 %

Shares of EXK traded down $0.15 during mid-day trading on Wednesday, reaching $3.79. The company’s stock had a trading volume of 4,781,740 shares, compared to its average volume of 5,390,953. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.63. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $4.09. The stock has a market cap of $910.89 million, a PE ratio of -191.00 and a beta of 1.67. The company’s 50 day moving average is $2.73 and its 200 day moving average is $2.16.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Monday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter. Endeavour Silver had a negative return on equity of 0.51% and a negative net margin of 0.72%. The firm had revenue of $50.50 million during the quarter. During the same period last year, the company earned $0.04 earnings per share. Equities analysts anticipate that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Endeavour Silver by 12.9% in the 1st quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after acquiring an additional 1,237,440 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after buying an additional 4,046,065 shares during the period. Tidal Investments LLC acquired a new stake in Endeavour Silver in the 1st quarter worth about $19,008,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Endeavour Silver by 3.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after buying an additional 188,787 shares during the period. Finally, Swiss National Bank increased its stake in shares of Endeavour Silver by 2.7% during the 3rd quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock valued at $1,046,000 after acquiring an additional 11,200 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.