Endeavour Silver (NYSE:EXK) Stock Price Up 6.7% - Here's Why

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price rose 6.7% during mid-day trading on Thursday . The company traded as high as $4.19 and last traded at $4.22. Approximately 5,815,626 shares were traded during trading, a decline of 33% from the average daily volume of 8,738,878 shares. The stock had previously closed at $3.95.

Wall Street Analyst Weigh In

EXK has been the topic of a number of analyst reports. StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a research report on Wednesday, February 12th. HC Wainwright decreased their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a "buy" rating on the stock. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.56.

Endeavour Silver Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -29.50 and a beta of 1.63. The company's 50-day moving average is $3.79 and its 200-day moving average is $3.93.

Institutional Trading of Endeavour Silver

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