Endeavour Silver (NYSE:EXK) Shares Gap Down – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares gapped down prior to trading on Wednesday . The stock had previously closed at $5.49, but opened at $5.25. Endeavour Silver shares last traded at $5.36, with a volume of 1,096,298 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. HC Wainwright cut their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Alliance Global Partners increased their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday. Finally, CIBC boosted their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.31.

Endeavour Silver Stock Down 2.0 %

The stock has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $3.61. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.32 billion, a PE ratio of -274.50 and a beta of 1.71.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The firm had revenue of $58.30 million during the quarter, compared to the consensus estimate of $62.01 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts expect that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Endeavour Silver by 9.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares during the last quarter. SG Americas Securities LLC lifted its stake in Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares in the last quarter. Rathbones Group PLC boosted its holdings in shares of Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Hohimer Wealth Management LLC bought a new position in shares of Endeavour Silver during the 2nd quarter valued at about $42,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.