Endeavour Silver Corp. (NYSE:EXK) shares fell 9.8% during trading on Wednesday . The stock traded as low as $4.68 and last traded at $4.70, with a volume of 2,927,247 shares. The stock had previously closed at $5.21.

Several research firms have recently commented on EXK. Zacks Investment Research upgraded Endeavour Silver Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Monday, August 8th. TD Securities reiterated a “hold” rating and issued a $6.50 price objective (up previously from $5.50) on shares of Endeavour Silver Corp. in a report on Thursday, August 4th. Raymond James Financial Inc. upgraded Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 27th. Finally, CIBC reiterated an “underperform” rating and issued a $3.50 price objective (up previously from $3.00) on shares of Endeavour Silver Corp. in a report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.61.

The firm’s market cap is $590.52 million. The stock has a 50 day moving average of $5.00 and a 200-day moving average of $3.52.

An institutional investor recently raised its position in Endeavour Silver Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Endeavour Silver Corp. (NYSE:EXK) by 96.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,223,374 shares of the mining company’s stock after buying an additional 600,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.20% of Endeavour Silver Corp. worth $1,744,000 as of its most recent filing with the SEC.

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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