Endeavour Silver (NYSE:EXK) Sets New 1-Year Low at $2.67

Shares of Endeavour Silver Corp. (NYSE:EXKGet Rating) (TSE:EDR) hit a new 52-week low during trading on Friday . The stock traded as low as $2.67 and last traded at $2.69, with a volume of 40025 shares. The stock had previously closed at $2.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. HC Wainwright decreased their price objective on shares of Endeavour Silver from $8.25 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Tuesday, August 30th. TheStreet lowered shares of Endeavour Silver from a “c” rating to a “d+” rating in a report on Tuesday, August 23rd. Finally, Stifel Nicolaus reduced their target price on shares of Endeavour Silver from C$7.50 to C$6.50 in a report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.54.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.11 and a current ratio of 5.08. The stock’s 50-day simple moving average is $3.22 and its 200 day simple moving average is $3.78. The company has a market capitalization of $500.65 million, a PE ratio of -88.67 and a beta of 1.46.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXK. Raymond James & Associates purchased a new position in shares of Endeavour Silver in the 4th quarter valued at $43,000. Bank of Montreal Can grew its position in Endeavour Silver by 3.2% during the 4th quarter. Bank of Montreal Can now owns 494,957 shares of the mining company’s stock worth $2,103,000 after purchasing an additional 15,555 shares during the last quarter. Alberta Investment Management Corp grew its position in Endeavour Silver by 3.5% during the 4th quarter. Alberta Investment Management Corp now owns 80,600 shares of the mining company’s stock worth $341,000 after purchasing an additional 2,700 shares during the last quarter. PDT Partners LLC grew its position in Endeavour Silver by 59.4% during the 4th quarter. PDT Partners LLC now owns 45,100 shares of the mining company’s stock worth $190,000 after purchasing an additional 16,800 shares during the last quarter. Finally, SIG North Trading ULC purchased a new position in Endeavour Silver during the 4th quarter worth $142,000. 23.59% of the stock is owned by hedge funds and other institutional investors.

About Endeavour Silver

(Get Rating)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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