Endeavour Silver (NYSE:EXK) Shares Gap Up to $3.51

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up prior to trading on Thursday . The stock had previously closed at $3.51, but opened at $3.60. Endeavour Silver shares last traded at $3.59, with a volume of 419,081 shares traded.

Analyst Upgrades and Downgrades

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

Endeavour Silver Price Performance

The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $3.38 and a 200-day moving average price of $2.45.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new stake in Endeavour Silver during the 4th quarter valued at about $25,000. Dynamic Technology Lab Private Ltd bought a new stake in Endeavour Silver in the fourth quarter valued at approximately $30,000. MCIA Inc purchased a new stake in shares of Endeavour Silver during the first quarter valued at approximately $34,000. Integrated Advisors Network LLC bought a new position in shares of Endeavour Silver in the third quarter worth approximately $41,000. Finally, SG Americas Securities LLC increased its stake in shares of Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.