Endeavour Silver (NYSE:EXK) Shares Gap Down to $2.61

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped down prior to trading on Monday . The stock had previously closed at $2.61, but opened at $2.49. Endeavour Silver shares last traded at $2.54, with a volume of 2,174,470 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXK shares. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Friday, February 23rd. HC Wainwright dropped their price objective on Endeavour Silver from $7.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Finally, TD Securities raised Endeavour Silver from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th.

Endeavour Silver Price Performance

The stock has a market capitalization of $653.72 million, a P/E ratio of 136.07 and a beta of 1.68. The company’s 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $2.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.73 and a quick ratio of 1.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Monday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter. Endeavour Silver had a return on equity of 2.28% and a net margin of 2.98%. The firm had revenue of $50.50 million during the quarter. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, equities analysts expect that Endeavour Silver Corp. will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of the stock. Jupiter Asset Management Ltd. increased its stake in shares of Endeavour Silver by 8.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,728,758 shares of the mining company’s stock valued at $14,068,000 after buying an additional 459,393 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Endeavour Silver by 2.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,160,727 shares of the mining company’s stock valued at $10,167,000 after buying an additional 140,838 shares during the period. Swiss National Bank boosted its stake in Endeavour Silver by 2.7% in the third quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock valued at $1,046,000 after acquiring an additional 11,200 shares during the last quarter. Perritt Capital Management Inc. boosted its stake in Endeavour Silver by 14.9% in the third quarter. Perritt Capital Management Inc. now owns 204,758 shares of the mining company’s stock valued at $498,000 after acquiring an additional 26,600 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Endeavour Silver by 7.7% during the 3rd quarter. CIBC Asset Management Inc now owns 171,969 shares of the mining company’s stock worth $422,000 after acquiring an additional 12,305 shares during the period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.