Endeavour Silver (NYSE:EXK) Trading Down 4.4% – What’s Next?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s stock price traded down 4.4% during trading on Tuesday . The company traded as low as $8.79 and last traded at $8.99. 5,996,133 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 12,508,629 shares. The stock had previously closed at $9.40.

Analysts Set New Price Targets

Several research firms have weighed in on EXK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th. CIBC raised Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price for the company in a research report on Monday, November 3rd. HC Wainwright reaffirmed a “buy” rating and set a $11.00 price target on shares of Endeavour Silver in a research note on Tuesday, November 25th. Wall Street Zen raised Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, B. Riley boosted their price objective on Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $12.67.

Endeavour Silver Trading Down 3.4%

The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $8.05 and a 200 day moving average price of $6.22. The stock has a market capitalization of $2.67 billion, a PE ratio of -33.54 and a beta of 1.27.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. Equities analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC lifted its position in shares of Endeavour Silver by 82.1% during the 3rd quarter. Parvin Asset Management LLC now owns 322,125 shares of the mining company’s stock worth $2,525,000 after buying an additional 145,275 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Endeavour Silver during the third quarter valued at approximately $12,754,000. Verition Fund Management LLC bought a new stake in Endeavour Silver during the third quarter worth $1,727,000. Quarry LP boosted its position in Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Prelude Capital Management LLC purchased a new position in Endeavour Silver in the third quarter worth $395,000. 20.06% of the stock is owned by 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.