Endeavour Silver (NYSE:EXK) Sees Large Volume Increase

Shares of Endeavour Silver Corp. (NYSE:EXKGet Rating) (TSE:EDR) saw an uptick in trading volume on Wednesday . 50,414 shares traded hands during mid-day trading, a decline of 98% from the previous session’s volume of 2,477,175 shares.The stock last traded at $3.44 and had previously closed at $3.50.

Analyst Ratings Changes

Several brokerages recently commented on EXK. HC Wainwright reduced their target price on shares of Endeavour Silver from $8.25 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. B. Riley reduced their price objective on shares of Endeavour Silver from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. TheStreet downgraded shares of Endeavour Silver from a “c” rating to a “d+” rating in a research report on Tuesday, August 23rd. Stifel Nicolaus lowered their price objective on shares of Endeavour Silver from C$6.50 to C$5.50 in a report on Wednesday. Finally, BMO Capital Markets increased their target price on shares of Endeavour Silver from C$4.00 to C$4.25 in a report on Wednesday, November 9th.

Endeavour Silver Trading Up 0.6 %

The firm has a 50-day moving average price of $3.28 and a 200-day moving average price of $3.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 3.65. The stock has a market cap of $667.53 million, a PE ratio of -352.00 and a beta of 1.37.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Endeavour Silver by 49.1% during the 1st quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock valued at $43,000 after buying an additional 2,971 shares during the period. SG Americas Securities LLC boosted its position in Endeavour Silver by 34.2% during the first quarter. SG Americas Securities LLC now owns 14,760 shares of the mining company’s stock valued at $69,000 after purchasing an additional 3,758 shares in the last quarter. CIBC Asset Management Inc boosted its position in Endeavour Silver by 1.0% during the first quarter. CIBC Asset Management Inc now owns 484,204 shares of the mining company’s stock valued at $2,249,000 after purchasing an additional 4,700 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in Endeavour Silver by 16.9% during the third quarter. Banque Cantonale Vaudoise now owns 37,573 shares of the mining company’s stock valued at $113,000 after purchasing an additional 5,421 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Endeavour Silver by 8.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 69,000 shares of the mining company’s stock worth $209,000 after acquiring an additional 5,500 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

Endeavour Silver Company Profile

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Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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