Endeavour Silver (NYSE:EXK) Shares Gap Down – Should You Sell?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) gapped down prior to trading on Wednesday . The stock had previously closed at $10.60, but opened at $10.14. Endeavour Silver shares last traded at $9.5220, with a volume of 4,749,291 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXK. HC Wainwright restated a “buy” rating and issued a $11.00 target price on shares of Endeavour Silver in a report on Tuesday, November 25th. Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. B. Riley raised their price target on Endeavour Silver from $7.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Zacks Research lowered Endeavour Silver from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a report on Friday, October 10th. Five analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, Endeavour Silver currently has an average rating of “Buy” and a consensus target price of $12.67.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market cap of $2.88 billion, a P/E ratio of -28.66 and a beta of 1.23. The business’s 50-day moving average price is $8.69 and its 200-day moving average price is $7.17.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%.The company had revenue of $111.40 million during the quarter, compared to the consensus estimate of $162.05 million. As a group, sell-side analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after purchasing an additional 1,490 shares during the period. Aire Advisors LLC boosted its holdings in Endeavour Silver by 5.2% in the 3rd quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock worth $247,000 after buying an additional 1,547 shares during the period. Hohimer Wealth Management LLC increased its stake in Endeavour Silver by 16.6% in the 3rd quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock worth $113,000 after buying an additional 2,050 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Endeavour Silver by 3.0% during the second quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock valued at $362,000 after acquiring an additional 2,129 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Endeavour Silver by 5.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock valued at $203,000 after acquiring an additional 2,161 shares in the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.