Endeavour Silver (NYSE:EXK) Trading Up 6.7% - Here's What Happened

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's share price was up 6.7% on Wednesday . The company traded as high as $3.83 and last traded at $3.85. Approximately 1,241,170 shares changed hands during 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 analysts have weighed in on EXK shares. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Wednesday, November 13th. HC Wainwright cut their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Finally, TD Securities started coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $6.56.

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Endeavour Silver Price Performance

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 stock has a market cap of $1.05 billion, a price-to-earnings ratio of -30.65 and a beta of 1.55. The company's 50-day moving average is $3.80 and its 200-day moving average is $4.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its stake in Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after buying an additional 3,869,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after buying an additional 3,581,936 shares during the last quarter. Millennium Management LLC bought a new stake in Endeavour Silver during the fourth quarter worth about $7,930,000. American Century Companies Inc. grew its stake in Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock worth $9,728,000 after buying an additional 1,937,150 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Endeavour Silver by 529.5% during the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after buying an additional 1,780,405 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.