Endeavour Silver (NYSE:EXK) Shares Up 4.1%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares shot up 4.1% during mid-day trading on Wednesday . The stock traded as high as $4.80 and last traded at $4.78. 1,899,120 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 5,424,085 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

Several research firms recently issued reports on EXK. BMO Capital Markets initiated coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They issued an “outperform” rating and a $6.00 target price on the stock. Alliance Global Partners lifted their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research report on Wednesday, July 10th. CIBC lifted their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. HC Wainwright lifted their price target on shares of Endeavour Silver from $6.25 to $6.50 and gave the company a “buy” rating in a research report on Thursday. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver currently has an average rating of “Moderate Buy” and an average target price of $5.95.

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’s 50 day moving average price is $3.98 and its 200-day moving average price is $2.79. The company has a market cap of $1.06 billion, a PE ratio of -218.00 and a beta of 1.69.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. Van ECK Associates Corp increased its stake in Endeavour Silver by 12.9% during the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after purchasing an additional 1,237,440 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after acquiring an additional 4,046,065 shares during the period. Tidal Investments LLC acquired a new position in shares of Endeavour Silver during the first quarter valued at $19,008,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Endeavour Silver by 3.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after acquiring an additional 188,787 shares during the period. Finally, Virtu Financial LLC boosted its holdings in shares of Endeavour Silver by 158.3% during the first quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock valued at $355,000 after acquiring an additional 90,259 shares during the period. 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.