Endeavour Silver (NYSE:EXK) Hits New 12-Month High at $4.32

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.32 and last traded at $4.32, with a volume of 1924941 shares traded. The stock had previously closed at $3.98.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXK shares. BMO Capital Markets started coverage on Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price on the stock. 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. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. Finally, HC Wainwright restated a “buy” rating and issued a $6.25 price target on shares of Endeavour Silver in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Endeavour Silver has an average rating of “Hold” and an average price target of $5.81.

Endeavour Silver Trading Up 10.1 %

The company has a market cap of $1.08 billion, a PE ratio of -216.00 and a beta of 1.69. The business has a 50 day simple moving average of $3.59 and a two-hundred day simple moving average of $2.57. The company has a current ratio of 2.02, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC raised its position in shares of Endeavour Silver by 158.3% in the 1st quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock worth $355,000 after buying an additional 90,259 shares during the period. Tidal Investments LLC acquired a new stake in Endeavour Silver in the 1st quarter valued at $19,008,000. B. Riley Wealth Advisors Inc. increased its holdings in Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after purchasing an additional 6,800 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Endeavour Silver by 60.1% in the 1st 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 in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares in the last quarter. 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.