Endeavour Silver (NYSE:EXK) Shares Gap Down to $5.22

Endeavour Silver Corp. (NYSE:EXK – Get Rating) (TSE:EDR)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.22, but opened at $5.05. Endeavour Silver shares last traded at $5.04, with a volume of 26,238 shares trading hands.

Several research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Endeavour Silver from C$5.75 to C$6.00 in a research report on Tuesday, April 12th. TD Securities increased their price objective on Endeavour Silver from C$6.00 to C$7.00 in a report on Monday, March 14th. B. Riley increased their price objective on Endeavour Silver from $6.00 to $8.00 in a report on Monday, March 28th. Zacks Investment Research lowered Endeavour Silver from a “buy” rating to a “hold” rating in a report on Tuesday, January 25th. Finally, HC Wainwright increased their price objective on Endeavour Silver from $8.50 to $8.75 and gave the company a “buy” rating in a report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.88.

The company has a quick ratio of 3.31, a current ratio of 3.99 and a debt-to-equity ratio of 0.03. The stock has a market cap of $798.73 million, a PE ratio of 55.51 and a beta of 1.35. The business has a 50 day moving average price of $4.82 and a 200 day moving average price of $4.59.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sigma Planning Corp boosted its stake in shares of Endeavour Silver by 17.4% in the first quarter. Sigma Planning Corp now owns 143,460 shares of the mining company’s stock worth $667,000 after buying an additional 21,275 shares during the last quarter. Marotta Asset Management boosted its stake in shares of Endeavour Silver by 33.3% in the first quarter. Marotta Asset Management now owns 20,000 shares of the mining company’s stock worth $93,000 after buying an additional 5,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Endeavour Silver by 7.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 150,629 shares of the mining company’s stock worth $637,000 after buying an additional 9,873 shares during the last quarter. SIG North Trading ULC purchased a new position in Endeavour Silver during the fourth quarter worth approximately $142,000. Finally, Mackenzie Financial Corp boosted its position in Endeavour Silver by 39.0% during the fourth quarter. Mackenzie Financial Corp now owns 53,468 shares of the mining company’s stock worth $226,000 after purchasing an additional 15,008 shares in the last quarter. Hedge funds and other institutional investors own 24.83% of the company’s stock.

About Endeavour Silver (NYSE:EXK)

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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