Endeavour Silver (NYSE:EXK) Shares Gap Down – Time to Sell?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.27, but opened at $3.93. Endeavour Silver shares last traded at $3.81, with a volume of 5,032,047 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXK. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James assumed coverage on Endeavour Silver in a research note on Friday, March 21st. They set an “outperform” rating for the company. Finally, HC Wainwright lifted their price target on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Down 12.5 %

The company has a 50 day simple moving average of $4.10 and a two-hundred day simple moving average of $4.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market cap of $979.78 million, a PE ratio of -28.82 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Sell-side analysts forecast that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds have recently modified their holdings of the business. Schroder Investment Management Group bought a new stake in shares of Endeavour Silver in the 4th quarter worth approximately $36,000. Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver in the 4th quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Endeavour Silver during the 4th quarter worth about $43,000. Farringdon Capital Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $55,000. Finally, Oxford Asset Management LLP bought a new stake in Endeavour Silver in the fourth quarter valued at about $57,000. 20.06% of the stock is owned by 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.