Endeavour Silver (NYSE:EXK) Reaches New 52-Week High Following Analyst Upgrade

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares reached a new 52-week high during mid-day trading on Wednesday after CIBC raised their price target on the stock from $6.00 to $7.00. CIBC currently has a neutral rating on the stock. Endeavour Silver traded as high as $4.32 and last traded at $4.32, with a volume of 1924941 shares. The stock had previously closed at $3.98.

A number of other research firms also recently issued reports on EXK. BMO Capital Markets started coverage on shares of Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 price objective on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, May 10th. Alliance Global Partners boosted their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a report on Wednesday. Finally, HC Wainwright reissued a “buy” rating and issued a $6.25 price target on shares of Endeavour Silver in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its holdings in Endeavour Silver by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after purchasing an additional 6,800 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Endeavour Silver by 19.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock valued at $102,000 after purchasing an additional 8,441 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Endeavour Silver during the fourth quarter valued at about $25,000. Finally, MCIA Inc bought a new stake in shares of Endeavour Silver during the first quarter valued at about $34,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Stock Performance

The company has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $2.59. The stock has a market capitalization of $1.19 billion, a P/E ratio of -242.25 and a beta of 1.69. The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.

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.