Endeavour Silver (NYSE:EXK) Trading Down 10.9% – Here’s What Happened

Endeavour Silver Corporation (NYSE:EXKGet Free Report) (TSE:EDR)’s stock price was down 10.9% during trading on Friday . The company traded as low as $8.33 and last traded at $8.2530. Approximately 3,670,556 shares changed hands during trading, a decline of 67% from the average daily volume of 11,043,591 shares. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Get Our Latest Research Report on EXK

Endeavour Silver Trading Down 11.6%

The stock’s fifty day simple moving average is $9.61 and its 200-day simple moving average is $10.23. The firm has a market cap of $2.42 billion, a PE ratio of -102.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39.

Endeavour Silver (NYSE:EXKGet Free Report) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The business had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. On average, sell-side analysts forecast that Endeavour Silver Corporation will post 0.63 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently made changes to their positions in the business. Montrusco Bolton Investments Inc. acquired a new stake in shares of Endeavour Silver in the third quarter worth $9,514,000. Alps Advisors Inc. increased its stake in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after acquiring an additional 2,374,365 shares during the period. Caprock Group LLC acquired a new stake in shares of Endeavour Silver in the third quarter worth $1,098,000. Tudor Investment Corp ET AL acquired a new stake in shares of Endeavour Silver in the third quarter worth $14,146,000. Finally, Baader Bank Aktiengesellschaft increased its stake in shares of Endeavour Silver by 369.0% in the third quarter. Baader Bank Aktiengesellschaft now owns 108,520 shares of the mining company’s stock worth $851,000 after acquiring an additional 85,383 shares during the period. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Company Profile

(Get Free Report)

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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