Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s share price rose 5.6% during trading on Tuesday . The company traded as high as $2.71 and last traded at $2.62. Approximately 2,610,498 shares traded hands during trading, an increase of 35% from the average daily volume of 1,936,120 shares. The stock had previously closed at $2.48.

EXK has been the subject of a number of analyst reports. HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of Endeavour Silver Corporation in a research note on Thursday, August 31st. ValuEngine downgraded shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Noble Financial reiterated a “buy” rating on shares of Endeavour Silver Corporation in a research note on Friday, June 9th. BidaskClub downgraded shares of Endeavour Silver Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of Endeavour Silver Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.71.

The company’s 50 day moving average price is $2.54 and its 200 day moving average price is $3.03. The firm has a market capitalization of $333.93 million and a price-to-earnings ratio of 51.37.

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC boosted its stake in Endeavour Silver Corporation by 5.5% during the 2nd quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock valued at $115,000 after purchasing an additional 1,925 shares during the period. Pacad Investment Ltd. boosted its stake in Endeavour Silver Corporation by 94.0% during the 2nd quarter. Pacad Investment Ltd. now owns 74,090 shares of the mining company’s stock valued at $226,000 after purchasing an additional 35,900 shares during the period. Bank of Montreal Can boosted its stake in Endeavour Silver Corporation by 912.4% during the 1st quarter. Bank of Montreal Can now owns 112,460 shares of the mining company’s stock valued at $358,000 after purchasing an additional 101,352 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Endeavour Silver Corporation during the 2nd quarter valued at about $361,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Endeavour Silver Corporation by 247.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,983 shares of the mining company’s stock valued at $387,000 after purchasing an additional 90,461 shares during the period. 25.13% of the stock is owned by hedge funds and other institutional investors.

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About Endeavour Silver Corporation

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in 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.