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

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 traded.

Analysts Set New Price Targets

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

Endeavour Silver Price Performance

The business’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $2.40. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. lifted its holdings in Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Endeavour Silver by 19.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock valued at $102,000 after purchasing an additional 8,441 shares during the period. Swiss National Bank boosted its position in Endeavour Silver by 2.7% during the 3rd quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock valued at $1,046,000 after purchasing an additional 11,200 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in Endeavour Silver during the 4th quarter worth $25,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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.