Endeavour Silver (NYSE:EXK) Shares Gap Down to $2.38

Endeavour Silver Corp (NYSE:EXK) (TSE:EDR)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.41, but opened at $2.38. Endeavour Silver shares last traded at $2.48, with a volume of 84,313 shares trading hands.

Several research firms have weighed in on EXK. Noble Financial reiterated a “hold” rating on shares of Endeavour Silver in a report on Sunday, June 23rd. Zacks Investment Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, July 25th. HC Wainwright upped their price objective on shares of Endeavour Silver from $3.00 to $4.25 and gave the stock a “buy” rating in a report on Monday. Finally, ValuEngine upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Endeavour Silver presently has an average rating of “Buy” and an average target price of $3.13.

The firm’s fifty day moving average price is $2.31 and its 200 day moving average price is $2.24. The company has a current ratio of 3.28, a quick ratio of 2.54 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $335.45 million, a price-to-earnings ratio of -27.28 and a beta of 0.22.

Hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP boosted its position in shares of Endeavour Silver by 27.2% in the fourth quarter. Two Sigma Advisers LP now owns 76,200 shares of the mining company’s stock valued at $164,000 after acquiring an additional 16,300 shares during the period. Millennium Management LLC acquired a new position in shares of Endeavour Silver during the fourth quarter worth $1,977,000. Alps Advisors Inc. lifted its position in shares of Endeavour Silver by 16.4% during the first quarter. Alps Advisors Inc. now owns 216,187 shares of the mining company’s stock worth $545,000 after purchasing an additional 30,391 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Endeavour Silver by 334.4% during the first quarter. Sigma Planning Corp now owns 377,069 shares of the mining company’s stock worth $950,000 after purchasing an additional 290,261 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Endeavour Silver by 164.5% during the first quarter. Toronto Dominion Bank now owns 37,186 shares of the mining company’s stock worth $93,000 after purchasing an additional 23,126 shares in the last quarter. Hedge funds and other institutional investors own 19.02% of the company’s stock.

About Endeavour Silver (NYSE:EXK)

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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