Endeavour Silver Corp. (NYSE:EXK – Get Free Report) (TSE:EDR) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.78, but opened at $3.89. Endeavour Silver shares last traded at $3.86, with a volume of 509,606 shares traded.
Analysts Set New Price Targets
EXK has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, May 10th. CIBC lifted their price target on Endeavour Silver from $4.25 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. HC Wainwright reaffirmed a “buy” rating and set a $6.25 target price on shares of Endeavour Silver in a research note on Friday, May 10th. Finally, BMO Capital Markets began coverage on shares of Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Endeavour Silver presently has a consensus rating of “Hold” and a consensus price target of $5.81.
View Our Latest Research Report on EXK
Endeavour Silver Price Performance
The company has a market capitalization of $916.65 million, a PE ratio of -186.50 and a beta of 1.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02. The stock has a 50 day moving average price of $3.34 and a two-hundred day moving average price of $2.43.
Hedge Funds Weigh In On Endeavour Silver
Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Endeavour Silver by 12.9% during the 1st quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after purchasing an additional 1,237,440 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after buying an additional 4,046,065 shares during the last quarter. Tidal Investments LLC bought a new position in Endeavour Silver during the first quarter valued at about $19,008,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after buying an additional 188,787 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Endeavour Silver by 2.7% during the 3rd quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock worth $1,046,000 after acquiring an additional 11,200 shares in the last quarter. Institutional investors and hedge funds 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.
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Read More: Endeavour Silver (NYSE:EXK) Shares Gap Up to $3.78