CIBC Asset Management Inc Makes New Investment in Endeavour Silver Corp. (NYSE:EXK)

CIBC Asset Management Inc acquired a new position in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) during the fourth quarter, Holdings Channel reports. The fund acquired 32,558 shares of the mining company’s stock, valued at approximately $119,000.

A number of other hedge funds have also recently bought and sold shares of EXK. Alpha Cubed Investments LLC purchased a new position in Endeavour Silver during the 4th quarter worth $37,000. Blue Trust Inc. boosted its holdings in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Endeavour Silver in the 3rd quarter worth about $80,000. Quantbot Technologies LP purchased a new position in shares of Endeavour Silver in the 3rd quarter worth about $100,000. Finally, Walleye Capital LLC purchased a new position in shares of Endeavour Silver in the 3rd quarter worth about $111,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXK. HC Wainwright cut their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Wednesday, February 12th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Price Performance

NYSE EXK opened at $3.94 on Thursday. The company has a market cap of $1.03 billion, a PE ratio of -30.27 and a beta of 1.63. Endeavour Silver Corp. has a 52 week low of $1.42 and a 52 week high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $3.79 and its two-hundred day simple moving average is $3.96.

Endeavour Silver 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.