Endeavour Silver (NYSE:EXK) Shares Up 6.7% – Here’s What Happened

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 6.7% on Thursday . The company traded as high as $4.19 and last traded at $4.22. Approximately 5,815,626 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 8,738,878 shares. The stock had previously closed at $3.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EXK shares. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Wednesday, February 12th. TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, HC Wainwright reduced their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Stock Performance

The business has a 50 day moving average of $3.79 and a 200-day moving average of $3.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market capitalization of $1.01 billion, a P/E ratio of -29.50 and a beta of 1.63.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC bought a new stake in Endeavour Silver during the 3rd quarter worth approximately $964,000. Van ECK Associates Corp grew its position in shares of Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares in the last quarter. Barclays PLC increased its holdings in shares of Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after purchasing an additional 51,901 shares during the period. Geode Capital Management LLC raised its position in shares of Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after buying an additional 10,543 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Endeavour Silver by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after buying an additional 19,200 shares during the period. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Company 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.