Endeavour Silver (NYSE:EXK) Shares Gap Up to $3.78

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Thursday . The stock had previously closed at $3.78, but opened at $3.89. Endeavour Silver shares last traded at $3.86, with a volume of 509,606 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXK shares. CIBC lifted their target price on shares of Endeavour Silver from $4.25 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. HC Wainwright reaffirmed a “buy” rating and set a $6.25 target price on shares of Endeavour Silver in a research note on Friday, May 10th. BMO Capital Markets initiated coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price target for the company. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.81.

Endeavour Silver Stock Performance

The company’s fifty day moving average price is $3.34 and its 200 day moving average price is $2.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.63. The company has a market cap of $916.65 million, a PE ratio of -186.50 and a beta of 1.72.

Institutional Trading of Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC bought a new position in Endeavour Silver in the 1st quarter valued at $19,008,000. Jupiter Asset Management Ltd. grew its position in Endeavour Silver by 60.1% during 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 buying an additional 4,046,065 shares during the period. Van ECK Associates Corp increased its holdings in Endeavour Silver by 12.9% during the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock worth $26,052,000 after buying an additional 1,237,440 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position 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 worth $12,892,000 after acquiring an additional 188,787 shares during the period. Finally, Aristides Capital LLC purchased a new position in Endeavour Silver in the fourth quarter valued at about $260,000. 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.