Endeavour Silver Corp. (EXK) Shares Gap Up to $5.05
Endeavour Silver Corp. (NYSE:EXK) gapped up before the market opened on Wednesday . The stock had previously closed at $4.96, but opened at $5.05. Endeavour Silver Corp. shares last traded at $5.25, with a volume of 1,408,883 shares changing hands.
Several brokerages have recently commented on EXK. Zacks Investment Research raised Endeavour Silver Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, August 8th. TD Securities reissued a “hold” rating and issued a $6.50 target price (up from $5.50) on shares of Endeavour Silver Corp. in a report on Thursday, August 4th. National Bank Financial began coverage on Endeavour Silver Corp. in a report on Thursday, September 8th. They issued a “sector perform” rating on the stock. Raymond James Financial Inc. raised Endeavour Silver Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 27th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $7.75 target price on shares of Endeavour Silver Corp. in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Endeavour Silver Corp. has an average rating of “Hold” and an average target price of $4.07.
The stock’s market cap is $702.34 million. The stock has a 50-day moving average of $5.18 and a 200-day moving average of $3.96.
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Several hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC boosted its stake in shares of Endeavour Silver Corp. by 26.3% in the second quarter. Spark Investment Management LLC now owns 36,000 shares of the mining company’s stock worth $141,000 after buying an additional 7,500 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Endeavour Silver Corp. during the second quarter worth approximately $191,000. Royal Bank of Canada boosted its stake in shares of Endeavour Silver Corp. by 273.3% in the first quarter. Royal Bank of Canada now owns 54,335 shares of the mining company’s stock worth $133,000 after buying an additional 39,781 shares during the last quarter. AXA acquired a new stake in shares of Endeavour Silver Corp. during the second quarter worth approximately $785,000. Finally, A.R.T. Advisors LLC boosted its stake in shares of Endeavour Silver Corp. by 250.9% in the first quarter. A.R.T. Advisors LLC now owns 207,543 shares of the mining company’s stock worth $510,000 after buying an additional 148,400 shares during the last quarter. Institutional investors own 23.61% of the company’s stock.
Endeavour Silver Corp. Company Profile
Endeavour Silver Corp. is a mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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