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

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's share price 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXK shares. HC Wainwright reiterated a "buy" rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Wednesday, May 14th. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Wall Street Zen upgraded shares of Endeavour Silver to a "sell" rating in a research report on Wednesday, May 14th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $6.83.

Endeavour Silver Stock Up 1.9%

The stock's fifty day simple moving average is $3.91 and its 200-day simple moving average is $3.92. The stock has a market cap of $1.38 billion, a P/E ratio of -18.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.14.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The company had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. As a group, 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 EXK. Tidal Investments LLC boosted its position in shares of Endeavour Silver by 52.9% during 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. lifted its stake in Endeavour Silver by 122.1% during 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 last quarter. Millennium Management LLC bought a new stake in Endeavour Silver during the fourth quarter worth $7,930,000. American Century Companies Inc. boosted its holdings 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 valued at $9,728,000 after purchasing an additional 1,937,150 shares in the last quarter. Finally, Invesco Ltd. increased 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 valued at $7,747,000 after purchasing an additional 1,780,405 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.