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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares 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.

Wall Street Analyst Weigh In

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

Endeavour Silver Stock Performance

The company has a market cap of $933.85 million, a P/E ratio of -191.50 and a beta of 1.69. The company’s fifty day moving average is $3.47 and its 200 day moving average is $2.51. The company has a current ratio of 2.02, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. purchased a new position in Endeavour Silver in the 4th quarter worth approximately $25,000. MCIA Inc purchased a new position in shares of Endeavour Silver in the first quarter worth $34,000. Dynamic Technology Lab Private Ltd bought a new stake in Endeavour Silver during the 4th quarter valued at $30,000. Integrated Advisors Network LLC purchased a new stake in Endeavour Silver during the 3rd quarter valued at $41,000. Finally, SG Americas Securities LLC grew its holdings 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 worth $50,000 after acquiring an additional 7,852 shares during the last quarter. 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.