Endeavour Silver (NYSE:EXK) Shares Gap Down – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares 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 trading hands.

Wall Street Analyst Weigh In

EXK has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research note on Thursday, April 10th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, Raymond James began coverage on Endeavour Silver in a research report on Friday, March 21st. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Trading Down 0.9 %

The business’s fifty day moving average price is $4.05 and its 200 day moving average price is $4.15. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.11 billion, a PE ratio of -31.19 and a beta of 1.47.

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

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently added to or reduced their stakes in EXK. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver during the 4th quarter valued at about $36,000. Alpha Cubed Investments LLC purchased a new stake in Endeavour Silver in the fourth quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Endeavour Silver during the fourth quarter worth approximately $43,000. Farringdon Capital Ltd. purchased a new position in Endeavour Silver during the fourth quarter worth approximately $55,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Endeavour Silver in the 4th quarter valued at $57,000. 20.06% of the stock is currently owned by hedge funds and other 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.