Endeavour Silver (NYSE:EXK) Given New $7.00 Price Target at CIBC

Endeavour Silver (NYSE:EXK) (TSE:EDR) had its price objective hoisted by CIBC from $6.00 to $7.00 in a report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the mining company’s stock.

Several other research firms have also commented on EXK. StockNews.com raised shares of Endeavour Silver to a sell rating in a report on Friday, May 10th. Alliance Global Partners lifted their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a buy rating in a report on Wednesday. HC Wainwright reaffirmed a buy rating and issued a $6.25 price target on shares of Endeavour Silver in a report on Wednesday. Finally, BMO Capital Markets initiated coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They issued an outperform rating and a $6.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $5.90.

Endeavour Silver Trading Up 16.3 %

NYSE EXK opened at $4.63 on Wednesday. Endeavour Silver has a one year low of $1.42 and a one year high of $4.63. The company has a 50-day simple moving average of $3.59 and a 200-day simple moving average of $2.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02. The firm has a market capitalization of $1.14 billion, a PE ratio of -231.50 and a beta of 1.69.

Institutional Trading of Endeavour Silver

Several hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new stake in shares of Endeavour Silver during the 4th quarter worth about $25,000. MCIA Inc bought a new stake in shares of Endeavour Silver during the 1st quarter worth about $34,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Endeavour Silver during the 4th quarter worth about $30,000. Integrated Advisors Network LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter worth about $41,000. Finally, SG Americas Securities LLC raised its position in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares in the last quarter. 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.