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

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. TD Securities initiated coverage on Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, HC Wainwright dropped their price objective 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Trading Down 1.6 %

The business’s 50 day simple moving average is $3.79 and its two-hundred day simple moving average is $3.99. The stock has a market cap of $1.04 billion, a P/E ratio of -30.42 and a beta of 1.63. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alpha Cubed Investments LLC bought a new position in Endeavour Silver in the fourth quarter valued at about $37,000. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Endeavour Silver in the 4th quarter valued at approximately $43,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $55,000. Finally, Oxford Asset Management LLP acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $57,000. Institutional investors own 20.06% of the company’s stock.

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.