Endeavour Silver (NYSE:EXK) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down before the open from $10.08 to $9.50 and were last at $9.5140, down about 4.3% on roughly 3.18 million shares traded.
• Wall Street consensus remains a Buy with an average price target of $12.67, despite a mix of Strong Buy, Buy and a few Sell ratings from analysts.
• Endeavour missed recent results—EPS ($0.01) vs. $0.05 expected and revenue $111.4M vs. $162.05M—leaving the company with negative net margins (-31.18%) and weak liquidity (current ratio 0.79).

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's stock price gapped down before the market opened on Monday . The stock had previously closed at $10.08, but opened at $9.50. Endeavour Silver shares last traded at $9.5140, with a volume of 3,179,202 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James Financial reissued an "outperform" rating on shares of Endeavour Silver in a research report on Friday, October 10th. CIBC upgraded Endeavour Silver from a "neutral" rating to a "sector outperform" rating and set a $16.00 price objective on the stock in a research report on Monday, November 3rd. Cibc Captl Mkts raised Endeavour Silver from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 3rd. Zacks Research downgraded shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a research note on Monday, December 8th. Finally, B. Riley increased their price objective on shares of Endeavour Silver from $7.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, November 13th. Five analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver presently has an average rating of "Buy" and an average target price of $12.67.

Endeavour Silver Stock Down 4.3%

The stock has a market capitalization of $2.85 billion, a P/E ratio of -28.35 and a beta of 1.32. The business has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $6.93. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23.

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

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently bought and sold shares of the business. ORG Partners LLC bought a new position in Endeavour Silver in the 2nd quarter valued at $29,000. Total Investment Management Inc. bought a new stake in shares of Endeavour Silver during the second quarter worth $41,000. Centric Wealth Management acquired a new stake in shares of Endeavour Silver in the second quarter valued at $60,000. Andina Capital Management LLC bought a new position in shares of Endeavour Silver in the third quarter valued at about $89,000. Finally, Swiss Life Asset Management Ltd acquired a new position in Endeavour Silver during the 3rd quarter worth about $92,000. 20.06% of the stock is currently owned by institutional investors.

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.

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