Endeavour Silver (NYSE:EXK) Shares Up 6.7% – What’s Next?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) traded up 6.7% during mid-day trading on Wednesday . The stock traded as high as $3.83 and last traded at $3.85. 1,241,170 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 9,213,074 shares. The stock had previously closed at $3.61.

Analysts Set New Price Targets

A number of analysts recently commented on EXK shares. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. HC Wainwright decreased their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Stock Up 9.3 %

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 firm has a market capitalization of $1.03 billion, a P/E ratio of -30.42 and a beta of 1.63. The stock has a 50 day moving average of $3.78 and a 200-day moving average of $3.99.

Institutional Trading of Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. Quest Partners LLC purchased a new position in Endeavour Silver in the 3rd quarter valued at approximately $964,000. Quantbot Technologies LP bought a new stake in shares of Endeavour Silver during the 3rd quarter valued at about $100,000. Walleye Capital LLC bought a new stake in Endeavour Silver during the third quarter valued at approximately $111,000. National Bank of Canada FI grew its position in Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after acquiring an additional 15,075 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Endeavour Silver in the 3rd quarter worth about $261,000. 20.06% of the stock is currently owned by hedge funds and other 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.