Endeavour Silver (NYSE:EXK) Trading Down 3.6% – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was down 3.6% during mid-day trading on Monday . The stock traded as low as $4.22 and last traded at $4.30. Approximately 415,173 shares changed hands during trading, a decline of 92% from the average daily volume of 5,534,769 shares. The stock had previously closed at $4.46.

Analysts Set New Price Targets

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

Endeavour Silver Stock Down 3.8 %

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 stock’s 50-day simple moving average is $4.50 and its 200-day simple moving average is $3.96.

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

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hohimer Wealth Management LLC purchased a new position in shares of Endeavour Silver in the 2nd quarter worth about $42,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Endeavour Silver in the second quarter worth about $42,000. SG Americas Securities LLC boosted its stake in shares of Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares during the period. Oxbow Advisors LLC purchased a new position in shares of Endeavour Silver in the second quarter worth $51,000. Finally, Oak Family Advisors LLC bought a new stake in Endeavour Silver during the 2nd quarter valued at $55,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.