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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares gapped up before the market opened 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.

Wall Street Analyst Weigh In

EXK has been the subject of a number of research reports. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. 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. 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 target price for the company. Finally, HC Wainwright restated a “buy” rating and set a $6.25 target price on shares of Endeavour Silver in a research report on Friday, May 10th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.81.

Endeavour Silver Trading Down 1.1 %

The firm has a market capitalization of $862.58 million, a PE ratio of -175.50 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. The business’s fifty day moving average price is $3.44 and its 200 day moving average price is $2.48.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. purchased a new stake in Endeavour Silver in the fourth quarter valued at approximately $25,000. MCIA Inc purchased a new stake in Endeavour Silver in the first quarter valued at approximately $34,000. Dynamic Technology Lab Private Ltd purchased a new stake in Endeavour Silver in the fourth quarter valued at approximately $30,000. Integrated Advisors Network LLC purchased a new stake in Endeavour Silver in the third quarter valued at approximately $41,000. Finally, SG Americas Securities LLC grew its holdings in Endeavour Silver by 61.6% in the first 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 during the period. 20.06% of the stock is currently 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.