Endeavour Silver (NYSE:EXK) Shares Down 6.9% – Here’s Why

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price traded down 6.9% during mid-day trading on Wednesday . The company traded as low as $3.63 and last traded at $3.64. 1,665,749 shares were traded during mid-day trading, a decline of 72% from the average session volume of 5,900,474 shares. The stock had previously closed at $3.91.

Wall Street Analyst Weigh In

EXK has been the topic of several recent research reports. HC Wainwright restated a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Securities initiated coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating on the stock. Finally, Alliance Global Partners upped their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver currently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Down 11.5 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The business’s 50 day moving average price is $4.24 and its 200 day moving average price is $4.01. The firm has a market cap of $907.63 million, a PE ratio of -26.62 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. On average, equities research analysts expect that Endeavour Silver Corp. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares during the last quarter. Rathbones Group PLC grew its position in shares of Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after purchasing an additional 8,500 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after purchasing an additional 10,543 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after purchasing an additional 15,075 shares during the last quarter. Finally, Perissos Private Wealth Management LLC lifted its position in Endeavour Silver by 58.2% during the second quarter. Perissos Private Wealth Management LLC now owns 47,683 shares of the mining company’s stock worth $168,000 after buying an additional 17,550 shares in the last quarter. 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.