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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.94, but opened at $3.82. Endeavour Silver shares last traded at $3.96, with a volume of 1,780,073 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EXK shares. Alliance Global Partners reissued 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 issued an “outperform” rating on the stock. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. Finally, HC Wainwright reiterated a “buy” rating and issued a $7.25 price target on shares of Endeavour Silver in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Price Performance

The company has a fifty day moving average price of $4.05 and a two-hundred day moving average price of $4.15. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -31.19 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. On average, equities research 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 bought and sold shares of EXK. Mackenzie Financial Corp increased its stake in shares of Endeavour Silver by 995.2% during the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company’s stock worth $4,325,000 after acquiring an additional 1,073,114 shares during the period. Voloridge Investment Management LLC purchased a new stake in Endeavour Silver in the 4th quarter valued at approximately $543,000. Vident Advisory LLC increased its position in Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock worth $860,000 after purchasing an additional 6,441 shares during the period. Two Sigma Advisers LP raised its stake in shares of Endeavour Silver by 26.2% during the 4th quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company’s stock worth $765,000 after buying an additional 43,400 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Endeavour Silver by 88.4% during the 4th quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company’s stock worth $2,664,000 after buying an additional 341,468 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.