Endeavour Silver (NYSE:EXK) Shares Gap Down – Should You Sell?

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) gapped down prior to trading on Thursday . The stock had previously closed at $11.88, but opened at $10.90. Endeavour Silver shares last traded at $10.7120, with a volume of 3,842,502 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EXK shares. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a research note on Monday, January 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, January 21st. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. B. Riley Financial increased their target price on Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, iA Financial set a $11.00 target price on Endeavour Silver in a research report on Friday, January 9th. Four research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Endeavour Silver presently has an average rating of “Buy” and an average target price of $13.88.

Endeavour Silver Stock Performance

The stock has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $8.21. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -33.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06). Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. The company had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. On average, analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Total Investment Management Inc. bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at $41,000. Signaturefd LLC bought a new stake in shares of Endeavour Silver in the fourth quarter worth about $47,000. Centric Wealth Management bought a new stake in shares of Endeavour Silver in the second quarter worth about $60,000. Andina Capital Management LLC bought a new position in shares of Endeavour Silver during the 3rd quarter valued at about $89,000. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at approximately $92,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

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.