Endeavour Silver (NYSE:EXK) Shares Gap Up – Still a Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up prior to trading on Monday . The stock had previously closed at $3.92, but opened at $4.08. Endeavour Silver shares last traded at $4.11, with a volume of 798,249 shares traded.

Analyst Ratings Changes

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

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The business’s 50-day moving average is $3.82 and its 200-day moving average is $3.93. The company has a market capitalization of $1.03 billion, a PE ratio of -30.27 and a beta of 1.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC bought a new position in shares of Endeavour Silver in the fourth quarter worth approximately $37,000. Blue Trust Inc. boosted its stake in Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after purchasing an additional 8,389 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Endeavour Silver in the fourth quarter worth $73,000. Virtu Financial LLC purchased a new position in Endeavour Silver in the 3rd quarter worth about $80,000. Finally, Quantbot Technologies LP bought a new position in Endeavour Silver during the 3rd quarter valued at about $100,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.