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

Endeavour Silver Corp. (NYSE:EXK) saw its stock rise by 6.5% on a recent Wednesday, reaching a high of $4.19, before closing at the same price. The trading volume for the day was approximately 4,773,169 shares, representing a significant decline of 46% compared to the average daily trading volume of 8,792,722 shares. The previous closing price was $3.93.

Wall Street Analysts Forecast Growth

Endeavour Silver has been highlighted in multiple analyst reports recently. StockNews.com lowered its rating for Endeavour Silver to a "sell" in their Wednesday report. Meanwhile, TD Securities has initiated coverage of the stock with a "buy" rating. During a research note on January 10, HC Wainwright reduced their price target from $7.25 to $7.00 but still maintained a "buy" rating. Alliance Global Partners also increased their price objective from $5.25 to $6.25, giving the stock a "buy" rating on October 22. Additionally, Ventum Capital Markets upgraded the stock to a "strong-buy" rating on November 13. Currently, one analyst rates Endeavour Silver as a sell, another as a hold, four as buys, and one as a strong buy. According to MarketBeat's data, the consensus rating for the stock is a "Moderate Buy" with a target price of $6.56.

Endeavour Silver Price Performance

The stock of Endeavour Silver has a 50-day moving average of $3.81 and a 200-day moving average of $3.93. The company boasts a market capitalization of $1.08 billion, a negative price/earnings ratio of 31.58, and a beta of 1.63. Its debt-to-equity ratio stands at 0.20, with a current ratio of 1.39 and a quick ratio of 1.07.

Hedge Funds Weigh In On Endeavour Silver

Recent activity by hedge funds and institutional investors shows a shift in their holdings for Endeavour Silver. Schroder Investment Management Group acquired a new stake during the 4th quarter valued at $36,000. LPL Financial LLC also increased its shares by 1.0%, owning 282,520 shares now worth $1,034,000 after adding 2,661 shares last quarter. American Century Companies Inc. significantly raised its stake in Endeavour Silver by 268.9%, now owning 2,657,573 shares valued at $9,728,000 after purchasing an additional 1,937,150 shares. Virtu Financial LLC enlarged its holdings by 143.7%, now owning 49,304 shares valued at $180,000 after buying an extra 29,074 shares. Quantbot Technologies LP made a notable increase of 1,407.0%, acquiring 383,014 shares after adding 357,599 shares during the last quarter. In total, 20.06% of the stock is held by institutional investors.

About Endeavour Silver

Endeavour Silver Corp. is a silver mining company involved in the acquisition, exploration, development, extraction, processing, refining, and reclamation of its mineral properties located in Chile and the United States. The firm focuses on discovering precious metals, including gold and silver deposits. The company was previously known as Endeavour Gold Corp.

Endeavour, Silver, Trading