Endeavour Silver (NYSE:EXK) Shares Gap Up to $3.56

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $3.56, but opened at $3.69. Endeavour Silver shares last traded at $3.82, with a volume of 1,096,482 shares.

Analyst Ratings Changes

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

Endeavour Silver Trading Up 6.7 %

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 company’s 50-day moving average is $3.47 and its 200 day moving average is $2.51. The company has a market cap of $933.85 million, a price-to-earnings ratio of -191.50 and a beta of 1.69.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. B. Riley Wealth Advisors Inc. boosted its position in Endeavour Silver by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares in the last quarter. SG Americas Securities LLC grew its stake 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 acquiring an additional 7,852 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Endeavour Silver by 19.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock worth $102,000 after acquiring an additional 8,441 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Endeavour Silver in the 4th quarter worth $25,000. Finally, MCIA Inc purchased a new position in Endeavour Silver during the first quarter valued at $34,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.