Endeavour Silver (NYSE:EXK) Trading Up 6.5% – Here’s What Happened

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 6.5% on Wednesday . The stock traded as high as $4.19 and last traded at $4.19. Approximately 4,773,169 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 8,792,722 shares. The stock had previously closed at $3.93.

Wall Street Analysts Forecast Growth

EXK has been the topic of several recent analyst reports. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Wednesday. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. HC Wainwright decreased their price target 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. 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. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Price Performance

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

Hedge Funds Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. Schroder Investment Management Group bought a new stake in shares of Endeavour Silver during the 4th quarter valued at $36,000. LPL Financial LLC grew its holdings in Endeavour Silver by 1.0% during the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company’s stock valued at $1,034,000 after buying an additional 2,661 shares in the last quarter. American Century Companies Inc. lifted its stake in Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock worth $9,728,000 after purchasing an additional 1,937,150 shares in the last quarter. Virtu Financial LLC grew its holdings in Endeavour Silver by 143.7% during the 4th quarter. Virtu Financial LLC now owns 49,304 shares of the mining company’s stock valued at $180,000 after buying an additional 29,074 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in Endeavour Silver by 1,407.0% in the fourth quarter. Quantbot Technologies LP now owns 383,014 shares of the mining company’s stock worth $1,402,000 after purchasing an additional 357,599 shares during the last quarter. 20.06% of the stock is owned by 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.