Endeavour Silver (NYSE:EXK) Shares Up 6.7% – Time to Buy?

by · The Cerbat Gem

Shares of Endeavour Silver Corp. (NYSE:EXK – Get Free Report) (TSE:EDR) rose 6.7% on Thursday . The stock traded as high as $4.19 and last traded at $4.22. Approximately 5,815,626 shares were traded during trading, a decline of 33% from the average daily volume of 8,738,878 shares. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXK. HC Wainwright decreased their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Wednesday, February 12th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and an average price target of $6.56.

View Our Latest Stock Report on EXK

Endeavour Silver Stock Performance

The company has a market capitalization of $1.01 billion, a P/E ratio of -29.50 and a beta of 1.63. 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 price is $3.79 and its 200 day moving average price is $3.93.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of EXK. LPL Financial LLC boosted its stake in Endeavour Silver by 1.0% during the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company’s stock worth $1,034,000 after acquiring an additional 2,661 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock valued at $860,000 after buying an additional 6,441 shares in the last quarter. Cantor Fitzgerald L. P. lifted its stake in shares of Endeavour Silver by 33.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company’s stock valued at $111,000 after buying an additional 7,500 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Endeavour Silver by 2.1% during the fourth quarter. Swiss National Bank now owns 485,900 shares of the mining company’s stock worth $1,781,000 after acquiring an additional 9,800 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors.

About Endeavour Silver

(Get Free Report)

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.

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