Endeavour Silver (NYSE:EXK) Trading Down 4.1% - What's Next?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price dropped 4.1% on Friday . The stock traded as low as $4.35 and last traded at $4.36. Approximately 5,544,602 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 8,261,089 shares. The stock had previously closed at $4.55.

Analyst Upgrades and Downgrades

EXK has been the subject of several research analyst reports. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Raymond James started coverage on Endeavour Silver in a research note on Friday, March 21st. They issued an "outperform" rating for the company. HC Wainwright reissued a "buy" rating and issued a $7.25 price objective on shares of Endeavour Silver in a research note on Wednesday, May 14th. TD Securities raised Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Finally, Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Endeavour Silver currently has an average rating of "Moderate Buy" and an average target price of $6.63.

Endeavour Silver Stock Up 11.2%

The firm has a market cap of $1.45 billion, a P/E ratio of -38.42 and a beta of 1.42. The stock's 50 day simple moving average is $3.64 and its 200 day simple moving average is $3.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The business had revenue of $63.50 million for the quarter, compared to the consensus estimate of $83.10 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

Several institutional investors have recently made changes to their positions in EXK. Tidal Investments LLC grew its stake in shares of Endeavour Silver by 52.9% in the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after acquiring an additional 3,869,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after acquiring an additional 3,581,936 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Endeavour Silver in the 4th quarter worth $7,930,000. American Century Companies Inc. grew its stake in shares of Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock worth $9,728,000 after acquiring an additional 1,937,150 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Endeavour Silver by 529.5% in the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after acquiring an additional 1,780,405 shares in the last quarter. 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.