Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) rose 5.6% during mid-day trading on Tuesday . The stock traded as high as $2.71 and last traded at $2.62. Approximately 2,610,498 shares changed 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 topic of several recent analyst reports. Noble Financial reissued a “buy” rating on shares of Endeavour Silver Corporation in a research note on Saturday, May 13th. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Endeavour Silver Corporation in a research note on Thursday, August 31st. TheStreet raised shares of Endeavour Silver Corporation from a “d” rating to a “c-” rating in a research note on Tuesday, May 30th. 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. Finally, ValuEngine downgraded shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.71.

The company has a market cap of $327.56 million and a price-to-earnings ratio of 50.39. The firm has a 50-day moving average price of $2.52 and a 200-day moving average price of $3.02.

Several large investors have recently modified their holdings of EXK. Van ECK Associates Corp increased its stake in Endeavour Silver Corporation by 32.5% in the 1st quarter. Van ECK Associates Corp now owns 20,341,055 shares of the mining company’s stock valued at $64,685,000 after buying an additional 4,989,578 shares during the last quarter. Bank of Montreal Can increased its stake in Endeavour Silver Corporation by 1,730.2% in the 2nd quarter. Bank of Montreal Can now owns 2,058,260 shares of the mining company’s stock valued at $6,278,000 after buying an additional 1,945,800 shares during the last quarter. ETF Managers Group LLC acquired a new stake in Endeavour Silver Corporation in the 2nd quarter valued at $2,361,000. Goldman Sachs Group Inc. increased its stake in Endeavour Silver Corporation by 666.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock valued at $1,023,000 after buying an additional 291,507 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in Endeavour Silver Corporation by 15.2% in the 1st quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock valued at $4,804,000 after buying an additional 199,276 shares during the last quarter. Institutional investors and hedge funds own 25.13% of the company’s stock.

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Endeavour Silver Corporation Company Profile

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.

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