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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.94, but opened at $4.58. Endeavour Silver shares last traded at $4.47, with a volume of 2,643,435 shares trading hands.

Analyst Ratings Changes

EXK has been the subject of several recent research reports. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. HC Wainwright upped their target price on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Down 10.3 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The business has a 50 day simple moving average of $4.44 and a 200 day simple moving average of $3.92. The stock has a market cap of $1.09 billion, a PE ratio of -34.62 and a beta of 1.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $54.91 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its position in Endeavour Silver by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares during the period. Blue Trust Inc. grew its stake in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the last quarter. Rathbones Group PLC grew its position in shares of Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Endeavour Silver by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after buying an additional 10,543 shares during the period. Institutional investors own 20.06% of the company’s stock.

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.