Endeavour Silver (NYSE:EXK) Shares Gap Down to $3.94

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.94, but opened at $3.83. Endeavour Silver shares last traded at $3.89, with a volume of 565,382 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $6.25 price target on shares of Endeavour Silver in a report on Friday, May 10th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, May 10th.

Endeavour Silver Trading Down 2.5 %

The company has a market cap of $922.91 million, a price-to-earnings ratio of -190.00 and a beta of 1.67. The company has a current ratio of 2.02, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $2.73 and its 200 day moving average price is $2.16.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Monday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter. Endeavour Silver had a negative net margin of 0.72% and a negative return on equity of 0.51%. The business had revenue of $50.50 million during the quarter. During the same period in the previous year, the business posted $0.04 EPS. As a group, equities analysts expect that Endeavour Silver Corp. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new position in Endeavour Silver during the 4th quarter worth $25,000. Rathbones Group PLC purchased a new position in Endeavour Silver during the 3rd quarter worth $32,000. MCIA Inc purchased a new position in Endeavour Silver during the 1st quarter worth $34,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Endeavour Silver during the 4th quarter worth $30,000. Finally, Integrated Advisors Network LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $41,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.