Endeavour Silver (NYSE:EXK) Shares Up 6.5% – Should You Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price shot up 6.5% on Wednesday . The stock traded as high as $4.19 and last traded at $4.19. 4,773,169 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 8,792,722 shares. The stock had previously closed at $3.93.

Analysts Set New Price Targets

EXK has been the topic of several recent analyst reports. Alliance Global Partners upped their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Wednesday. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. Finally, HC Wainwright lowered their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock’s 50-day moving average is $3.81 and its 200 day moving average is $3.93. The stock has a market capitalization of $1.08 billion, a PE ratio of -31.58 and a beta of 1.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in Endeavour Silver in the third quarter valued at about $964,000. Van ECK Associates Corp grew its holdings in Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after acquiring an additional 658,215 shares during the period. U S Global Investors Inc. purchased a new position in Endeavour Silver in the third quarter worth $1,382,000. Barclays PLC lifted its stake in shares of Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after purchasing an additional 51,901 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after acquiring an additional 10,543 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.