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

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's stock price gapped down before the market opened on Friday . The stock had previously closed at $4.92, but opened at $4.76. Endeavour Silver shares last traded at $4.79, with a volume of 2,468,515 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXK shares. HC Wainwright reiterated a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a report on Wednesday, May 14th. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Raymond James Financial assumed coverage on Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating on the stock. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, TD Securities raised Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $6.83.

Endeavour Silver Stock Down 2.5%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. The stock has a market capitalization of $1.39 billion, a P/E ratio of -18.44 and a beta of 1.42. The stock's fifty day moving average is $3.98 and its two-hundred day moving average is $3.94.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. The company had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. As a group, research analysts predict that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group bought a new stake in shares of Endeavour Silver during the fourth quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Endeavour Silver during the fourth quarter worth $43,000. Hohimer Wealth Management LLC lifted its position in Endeavour Silver by 28.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after acquiring an additional 2,915 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Endeavour Silver by 46,309.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock worth $61,000 after purchasing an additional 14,356 shares during the period. Finally, Farringdon Capital Ltd. bought a new position in Endeavour Silver during the 4th quarter worth about $55,000. 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.

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