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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.94, but opened at $4.58. Endeavour Silver shares last traded at $4.47, with a volume of 2,643,435 shares changing hands.

Wall Street Analysts Forecast Growth

EXK has been the subject of several research analyst reports. HC Wainwright increased their price objective on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. Finally, Alliance Global Partners upped their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Performance

The company has a 50 day moving average of $4.49 and a two-hundred day moving average of $3.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market capitalization of $1.11 billion, a PE ratio of -34.62 and a beta of 1.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its 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 firm 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%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, equities research analysts predict that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Institutional Trading of Endeavour Silver

A number of hedge funds have recently made changes to their positions in EXK. Hohimer Wealth Management LLC bought a new position in Endeavour Silver during the 2nd quarter valued at approximately $42,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Endeavour Silver in the 2nd quarter worth about $42,000. SG Americas Securities LLC boosted its stake in Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in Endeavour Silver during the 2nd quarter valued at about $51,000. Finally, Oak Family Advisors LLC bought a new position in shares of Endeavour Silver in the second quarter worth approximately $55,000. 20.06% of the stock is owned by institutional investors.

About Endeavour Silver

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.