Endeavour Silver (NYSE:EXK) Trading Up 6.5% - Time to Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shot up 6.5% on Wednesday . The company traded as high as $4.19 and last traded at $4.19. 4,773,169 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 8,792,722 shares. The stock had previously closed at $3.93.

Analyst Ratings Changes

A number of brokerages have weighed in on EXK. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. Alliance Global Partners boosted their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a "sell" rating in a research note on Wednesday. HC Wainwright cut their price target on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, TD Securities began coverage on Endeavour Silver in a research note on Friday, November 29th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $6.56.

Endeavour Silver Price Performance

The company has a 50-day simple moving average of $3.81 and a 200-day simple moving average of $3.92. The stock has a market cap of $1.06 billion, a PE ratio of -31.12 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in Endeavour Silver by 1.0% in the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock worth $1,034,000 after acquiring an additional 2,661 shares in the last quarter. Blue Trust Inc. raised its position in Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock worth $57,000 after acquiring an additional 8,389 shares in the last quarter. Swiss National Bank raised its position in Endeavour Silver by 2.1% in the fourth quarter. Swiss National Bank now owns 485,900 shares of the mining company's stock worth $1,781,000 after acquiring an additional 9,800 shares in the last quarter. Alpha Cubed Investments LLC purchased a new position in Endeavour Silver in the fourth quarter worth $37,000. Finally, Schroder Investment Management Group acquired a new stake in Endeavour Silver in the fourth quarter valued at $36,000. Hedge funds and other 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.