Endeavour Silver (NYSE:EXK) Shares Gap Down to $2.61

Shares of Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR gapped down before the market opened on Monday . The stock had previously closed at $2.61, but opened at $2.49. Endeavour Silver shares last traded at $2.54, with a volume of 2,174,470 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. HC Wainwright cut their price objective on shares of Endeavour Silver from $7.25 to $6.00 and set a "buy" rating on the stock in a report on Thursday, January 11th. TD Securities upgraded shares of Endeavour Silver from a "hold" rating to a "buy" rating in a report on Tuesday, January 9th. Finally, StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a report on Friday, February 23rd.

Endeavour Silver Price Performance

The company's fifty day moving average is $2.12 and its 200 day moving average is $2.05. The company has a quick ratio of 1.26, a current ratio of 1.73 and a debt-to-equity ratio of 0.01. The stock has a market cap of $615.27 million, a PE ratio of 128.06 and a beta of 1.68.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Monday, March 11th. The mining company reported $0.02 EPS for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 2.28%. The firm had revenue of $50.50 million for the quarter. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, sell-side analysts anticipate that Endeavour Silver Corp. will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several large investors have recently bought and sold shares of EXK. Barclays PLC acquired a new stake in Endeavour Silver in the second quarter valued at approximately $100,000. Cambridge Investment Research Advisors Inc. grew its position in Endeavour Silver by 6.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 77,800 shares of the mining company's stock valued at $189,000 after acquiring an additional 4,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Endeavour Silver by 1.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,019,889 shares of the mining company's stock valued at $12,202,000 after acquiring an additional 95,852 shares in the last quarter. CIBC Asset Management Inc grew its position in Endeavour Silver by 7.7% in the third quarter. CIBC Asset Management Inc now owns 171,969 shares of the mining company's stock valued at $422,000 after acquiring an additional 12,305 shares in the last quarter. Finally, Swiss National Bank grew its position in Endeavour Silver by 2.7% in the third quarter. Swiss National Bank now owns 424,200 shares of the mining company's stock valued at $1,046,000 after acquiring an additional 11,200 shares in the last quarter. Institutional investors and hedge funds 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.