Endeavour Silver (NYSE:EXK) Shares Gap Down - Here's What Happened

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price gapped down prior to trading on Friday . The stock had previously closed at $3.78, but opened at $3.61. Endeavour Silver shares last traded at $3.69, with a volume of 856,042 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on EXK. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. HC Wainwright restated a "buy" rating and set a $7.25 target price on shares of Endeavour Silver in a research report on Thursday, April 10th. TD Securities raised Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. Raymond James began coverage on Endeavour Silver in a research note on Friday, March 21st. They set an "outperform" rating for the company. Finally, StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Stock Down 2.2 %

The company has a market cap of $985.25 million, a PE ratio of -27.54 and a beta of 1.47. The business has a fifty day simple moving average of $3.98 and a two-hundred day simple moving average of $4.11. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating 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 positive return on equity of 0.97% and a negative net margin of 13.04%. As a group, equities research analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

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

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.