Endeavour Silver (NYSE:EXK) Trading Down 4.1% - Here's Why

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price dropped 4.1% during trading on Friday . The company traded as low as $4.35 and last traded at $4.36. Approximately 5,544,602 shares changed hands 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 Ratings Changes

A number of analysts have weighed in on EXK shares. Wall Street Zen raised Endeavour Silver to a "sell" rating in a research report on Wednesday, May 14th. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James began coverage on Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating for the company. HC Wainwright reiterated a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a report on Wednesday, May 14th. Finally, Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $6.63.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -34.62 and a beta of 1.42. The company's fifty day moving average is $3.64 and its two-hundred day moving average is $3.88.

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

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Endeavour Silver by 0.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock valued at $39,545,000 after purchasing an additional 99,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Endeavour Silver by 11.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company's stock worth $28,279,000 after buying an additional 680,802 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Endeavour Silver by 122.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after purchasing an additional 3,581,936 shares during the period. Finally, TD Asset Management Inc boosted its stake in Endeavour Silver by 12.1% during the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock valued at $15,865,000 after buying an additional 401,394 shares in the last quarter. Institutional investors own 20.06% of the company's stock.

About Endeavour Silver

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.