Endeavour Silver (NYSE:EXK) Shares Gap Down to $4.84

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped down prior to trading on Friday . The stock had previously closed at $4.84, but opened at $4.64. Endeavour Silver shares last traded at $4.74, with a volume of 1,050,899 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EXK shares. BMO Capital Markets started coverage on Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 price target on the stock. Alliance Global Partners upped their price target on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a report on Wednesday. HC Wainwright reiterated a “buy” rating and set a $6.25 price objective on shares of Endeavour Silver in a research report on Wednesday. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, May 10th. Finally, CIBC boosted their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02. The firm’s 50 day moving average is $3.68 and its 200-day moving average is $2.60. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -242.25 and a beta of 1.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its position in Endeavour Silver by 9.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares during the last quarter. SG Americas Securities LLC increased its stake 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 acquiring an additional 7,852 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Endeavour Silver by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock valued at $102,000 after acquiring an additional 8,441 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Endeavour Silver during the fourth quarter worth approximately $25,000. Finally, MCIA Inc acquired a new stake in shares of Endeavour Silver during the first quarter worth approximately $34,000. Institutional investors and hedge funds 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.