Endeavour Silver (NYSE:EXK) Shares Gap Up – Time to Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

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

Endeavour Silver Trading Down 3.3 %

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’s 50 day moving average price is $3.82 and its 200-day moving average price is $3.93. The stock has a market capitalization of $1.03 billion, a PE ratio of -30.27 and a beta of 1.63.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXK. Alpha Cubed Investments LLC bought a new position in shares of Endeavour Silver in the 4th quarter valued at about $37,000. Blue Trust Inc. raised its holdings 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 buying an additional 8,389 shares during the period. SBI Securities Co. Ltd. bought a new stake in Endeavour Silver in the fourth quarter worth $73,000. Virtu Financial LLC purchased a new position in Endeavour Silver during the third quarter worth $80,000. Finally, Quantbot Technologies LP bought a new position in Endeavour Silver during the third quarter valued at $100,000. 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.