Endeavour Silver Corp. (EXK) Sees Strong Trading Volume
Endeavour Silver Corp. (NYSE:EXK) shares saw unusually-high trading volume on Monday . Approximately 2,549,884 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 2,609,377 shares.The stock last traded at $5.22 and had previously closed at $5.57.
EXK has been the topic of several analyst reports. CIBC restated an “underperform” rating and issued a $3.50 price target (up previously from $3.00) on shares of Endeavour Silver Corp. in a research note on Friday, May 13th. Zacks Investment Research lowered shares of Endeavour Silver Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Raymond James Financial Inc. upgraded shares of Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 27th. Finally, TD Securities restated a “hold” rating and issued a $6.50 price target (up previously from $5.50) on shares of Endeavour Silver Corp. in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $3.61.
The stock’s 50-day moving average is $4.98 and its 200-day moving average is $3.47. The company’s market capitalization is $659.63 million.
A hedge fund recently raised its stake in Endeavour Silver Corp. stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Endeavour Silver Corp. (NYSE:EXK) by 96.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 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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