Endeavour Silver (NYSE:EXK) Shares Gap Down – Should You Sell?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.16, but opened at $11.38. Endeavour Silver shares last traded at $11.9220, with a volume of 3,657,609 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXK shares. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Industrial Alliance Securities set a $11.00 price objective on shares of Endeavour Silver in a report on Friday, January 9th. B. Riley lifted their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Monday, January 19th. Five research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $13.88.

Endeavour Silver Stock Performance

The firm has a market cap of $3.23 billion, a P/E ratio of -32.12 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The stock’s 50-day moving average is $10.26 and its 200 day moving average is $8.03.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The business had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. On average, research analysts predict that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Several hedge funds have recently bought and sold shares of EXK. Quarry LP boosted its holdings in shares of Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock valued at $582,000 after buying an additional 1,490 shares during the period. Aire Advisors LLC lifted its position in Endeavour Silver by 5.2% in the 3rd quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock valued at $247,000 after acquiring an additional 1,547 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in Endeavour Silver by 16.6% in the 3rd quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock worth $113,000 after purchasing an additional 2,050 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Endeavour Silver by 3.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock worth $362,000 after purchasing an additional 2,129 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Endeavour Silver by 5.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock valued at $203,000 after purchasing an additional 2,161 shares during the period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.