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

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 6.7% on Wednesday . The stock traded as high as $3.83 and last traded at $3.85. Approximately 1,241,170 shares changed 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.

Analyst Ratings Changes

A number of research firms have weighed in on EXK. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Securities started coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6.56.

Endeavour Silver Trading Up 9.3 %

The company has a market capitalization of $1.03 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. The firm’s 50-day moving average price is $3.78 and its 200 day moving average price is $3.99.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mackenzie Financial Corp raised its position in Endeavour Silver by 995.2% in the 4th quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company’s stock valued at $4,325,000 after buying an additional 1,073,114 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Endeavour Silver in the 4th quarter worth $543,000. Vident Advisory LLC grew its stake in shares of Endeavour Silver by 2.8% in the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock worth $860,000 after acquiring an additional 6,441 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Endeavour Silver by 26.2% in the fourth quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company’s stock valued at $765,000 after purchasing an additional 43,400 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Endeavour Silver by 88.4% during the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company’s stock valued at $2,664,000 after purchasing an additional 341,468 shares in the last quarter. 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.