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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped down prior to trading 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXK. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 23rd. HC Wainwright reduced their price target on Endeavour Silver from $7.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Finally, TD Securities raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th.

Endeavour Silver Stock Performance

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 company has a 50 day moving average of $2.15 and a 200 day moving average of $2.05. The firm has a market cap of $653.72 million, a price-to-earnings ratio of 136.07 and a beta of 1.68.

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

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new stake in shares of Endeavour Silver in the 4th quarter valued at approximately $25,000. Dynamic Technology Lab Private Ltd bought a new stake in Endeavour Silver during the fourth quarter valued at $30,000. Rathbones Group PLC acquired a new stake in shares of Endeavour Silver during the third quarter worth $32,000. MCIA Inc bought a new position in shares of Endeavour Silver in the 1st quarter worth about $34,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds 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.