Endeavour Silver (NYSE:EXK) Shares Gap Down to $4.58

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $4.58, but opened at $4.31. Endeavour Silver shares last traded at $4.49, with a volume of 1,026,145 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXK. BMO Capital Markets began coverage on Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price target on the stock. CIBC upped their target price on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Alliance Global Partners upped their target price on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. Finally, HC Wainwright reissued a “buy” rating and set a $6.25 price target on shares of Endeavour Silver in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Endeavour Silver Stock Down 0.2 %

The company has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $2.70. The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC purchased a new position in Endeavour Silver in the first quarter valued at about $19,008,000. Jupiter Asset Management Ltd. boosted its holdings in Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Endeavour Silver by 12.9% in the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after purchasing an additional 1,237,440 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after purchasing an additional 188,787 shares during the last quarter. Finally, Aristides Capital LLC acquired a new stake in Endeavour Silver during the fourth quarter valued at approximately $260,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.