Endeavour Silver (NYSE:EXK) Stock Price Up 6.7% – Here’s What Happened

Shares of Endeavour Silver Corp. (NYSE:EXK) (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 mid-day trading, a decline of 33% from the average daily volume of 8,738,878 shares. The stock had previously closed at $3.95.

Wall Street Analysts Forecast Growth

EXK has been the topic of several analyst reports. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. HC Wainwright decreased their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. TD Securities began coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Wednesday, February 12th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Stock Up 5.2 %

The firm has a market capitalization of $1.09 billion, a PE ratio of -31.96 and a beta of 1.63. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $3.79 and a two-hundred day moving average of $3.93.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EXK. Blue Trust Inc. increased its position in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares in the last quarter. Van ECK Associates Corp increased its holdings in Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares in the last quarter. Quest Partners LLC acquired a new stake in Endeavour Silver in the 3rd quarter valued at $964,000. Quantbot Technologies LP purchased a new position in Endeavour Silver in the third quarter valued at about $100,000. Finally, Walleye Capital LLC acquired a new position in shares of Endeavour Silver during the third quarter worth about $111,000. Hedge funds and other 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.