Endeavour Silver (NYSE:EXK) Trading Down 6.9% – Here’s What Happened

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price fell 6.9% during mid-day trading on Wednesday . The company traded as low as $3.63 and last traded at $3.64. 1,665,749 shares traded hands during trading, a decline of 72% from the average session volume of 5,900,474 shares. The stock had previously closed at $3.91.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners increased their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. HC Wainwright decreased their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday. Finally, TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Stock Up 0.6 %

The company has a market cap of $931.24 million, a PE ratio of -27.31 and a beta of 1.62. 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 firm has a fifty day simple moving average of $4.17 and a 200 day simple moving average of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. Equities research analysts predict that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently made changes to their positions in EXK. B. Riley Wealth Advisors Inc. lifted its holdings in Endeavour Silver by 16.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after buying an additional 19,200 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Endeavour Silver in the third quarter worth about $80,000. Barclays PLC boosted its holdings in Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after purchasing an additional 51,901 shares during the last quarter. Geode Capital Management LLC grew its stake in Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after purchasing an additional 10,543 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at approximately $261,000. 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.