Endeavour Silver (NYSE:EXK) Trading Down 5% - Time to Sell?

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR was down 5% during mid-day trading on Friday . The stock traded as low as $4.72 and last traded at $4.66. Approximately 2,270,195 shares changed hands during trading, a decline of 74% from the average daily volume of 8,733,558 shares. The stock had previously closed at $4.90.

Analysts Set New Price Targets

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

Endeavour Silver Trading Down 5.6%

The company has a fifty day simple moving average of $3.90 and a two-hundred day simple moving average of $3.92. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.34 billion, a PE ratio of -17.83 and a beta of 1.42.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its 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). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The firm had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Endeavour Silver in the fourth quarter valued at $43,000. Farringdon Capital Ltd. purchased a new position in shares of Endeavour Silver during the fourth quarter worth about $55,000. Hohimer Wealth Management LLC increased its position in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in shares of Endeavour Silver in the 4th quarter valued at about $57,000. Hedge funds and other 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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