Endeavour Silver (NYSE:EXK) Trading Down 2.5% – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) traded down 2.5% on Wednesday . The company traded as low as $3.48 and last traded at $3.49. 3,249,295 shares changed hands during trading, a decline of 57% from the average session volume of 7,496,874 shares. The stock had previously closed at $3.58.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EXK shares. HC Wainwright lowered their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. TD Securities initiated coverage on Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Finally, Alliance Global Partners upped their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Stock Performance

The firm has a market cap of $922.05 million, a price-to-earnings ratio of -27.04 and a beta of 1.64. The stock has a 50-day moving average of $4.05 and a 200-day moving average of $4.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after acquiring an additional 658,215 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after buying an additional 15,075 shares in the last quarter. U S Global Investors Inc. acquired a new position in Endeavour Silver during the third quarter worth $1,382,000. Quest Partners LLC bought a new stake in Endeavour Silver during the third quarter worth $964,000. Finally, American Century Companies Inc. acquired a new position in shares of Endeavour Silver during the 2nd quarter worth about $589,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

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.