Endeavour Silver (NYSE:EXK) Shares Gap Down – Here’s Why

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.27, but opened at $3.93. Endeavour Silver shares last traded at $3.81, with a volume of 5,032,047 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXK shares. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright boosted their price target on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Finally, Raymond James assumed coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Down 0.8 %

The stock has a market cap of $983.72 million, a P/E ratio of -28.85 and a beta of 1.55. The firm has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $4.17. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. On average, equities research analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group bought a new position in Endeavour Silver in the 4th quarter valued at about $36,000. Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Endeavour Silver during the fourth quarter worth approximately $43,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $55,000. Finally, Oxford Asset Management LLP bought a new stake in Endeavour Silver in the 4th quarter valued at $57,000. 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.