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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.51, but opened at $3.43. Endeavour Silver shares last traded at $3.53, with a volume of 969,119 shares.

Analyst Ratings Changes

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

Endeavour Silver Price Performance

The stock’s 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $2.47. The company has a market capitalization of $869.96 million, a price-to-earnings ratio of -177.00 and a beta of 1.72. 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 bought and sold shares of the stock. Swiss National Bank lifted its position in shares of Endeavour Silver by 2.7% in the third quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock valued at $1,046,000 after acquiring an additional 11,200 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Endeavour Silver during the 4th quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Endeavour Silver by 19.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock worth $102,000 after buying an additional 8,441 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Endeavour Silver by 2.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,160,727 shares of the mining company’s stock worth $10,167,000 after buying an additional 140,838 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $30,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.