Endeavour Silver (NYSE:EXK) Shares Gap Down – Should You Sell?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.16, but opened at $11.38. Endeavour Silver shares last traded at $11.9220, with a volume of 3,657,609 shares changing hands.

Analysts Set New Price Targets

EXK has been the topic of a number of analyst reports. Industrial Alliance Securities set a $11.00 price objective on shares of Endeavour Silver in a research report on Friday, January 9th. B. Riley increased their price objective on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. CIBC raised shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price for the company in a research note on Monday, November 3rd. Finally, Natl Bk Canada raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Tuesday, December 9th. Five research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $13.88.

Endeavour Silver Stock Down 11.7%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The company has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $7.97. The firm has a market capitalization of $3.43 billion, a PE ratio of -34.33 and a beta of 1.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its 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). Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC acquired a new position in Endeavour Silver during the fourth quarter valued at $47,000. Total Investment Management Inc. acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at about $41,000. Greenberg Financial Group purchased a new stake in shares of Endeavour Silver in the fourth quarter worth about $94,000. Centric Wealth Management acquired a new stake in Endeavour Silver during the second quarter worth about $60,000. Finally, D.A. Davidson & CO. acquired a new stake in Endeavour Silver during the fourth quarter worth about $105,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.