Endeavour Silver (NYSE:EXK) Shares Down 3.7% – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares traded down 3.7% during trading on Friday . The stock traded as low as $3.92 and last traded at $3.95. 592,822 shares were traded during trading, a decline of 89% from the average session volume of 5,509,647 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Securities assumed coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. Alliance Global Partners increased their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a research report on Monday, December 2nd. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Endeavour Silver currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -30.15 and a beta of 1.62. The stock has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. As a group, equities research analysts forecast that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Institutional Trading of Endeavour Silver

A number of institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position 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 lifted its position in Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after acquiring an additional 8,500 shares during the period. Geode Capital Management LLC lifted its position in Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after acquiring an additional 10,543 shares during the period. Hohimer Wealth Management LLC acquired a new stake in Endeavour Silver during the 2nd quarter worth about $42,000. Finally, Oxbow Advisors LLC acquired a new stake in Endeavour Silver during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.