Endeavour Silver (NYSE:EXK) Shares Down 4.4% – Should You Sell?

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) traded down 4.4% on Tuesday . The company traded as low as $8.79 and last traded at $8.99. 5,996,133 shares were traded during trading, a decline of 52% from the average session volume of 12,508,629 shares. The stock had previously closed at $9.40.

Wall Street Analysts Forecast Growth

EXK has been the subject of several research reports. CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price for the company in a research report on Monday, November 3rd. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. Finally, B. Riley lifted their price target on shares of Endeavour Silver from $7.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Endeavour Silver currently has a consensus rating of “Buy” and an average price target of $12.67.

Endeavour Silver Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $8.05 and its two-hundred day simple moving average is $6.22. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -33.54 and a beta of 1.27.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The firm had revenue of $111.40 million during the quarter, compared to the consensus estimate of $162.05 million. As a group, research analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of large investors have recently bought and sold shares of EXK. Parvin Asset Management LLC raised its position in shares of Endeavour Silver by 82.1% in the 3rd quarter. Parvin Asset Management LLC now owns 322,125 shares of the mining company’s stock worth $2,525,000 after acquiring an additional 145,275 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Endeavour Silver during the third quarter worth approximately $12,754,000. Verition Fund Management LLC bought a new stake in Endeavour Silver in the third quarter worth approximately $1,727,000. Quarry LP lifted its stake in Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock valued at $582,000 after buying an additional 1,490 shares during the period. Finally, Prelude Capital Management LLC acquired a new position in Endeavour Silver in the third quarter valued at approximately $395,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.