Endeavour Silver (NYSE:EXK) Shares Gap Down – Here’s What Happened

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) gapped down prior to trading on Monday . The stock had previously closed at $10.08, but opened at $9.50. Endeavour Silver shares last traded at $9.5140, with a volume of 3,179,202 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXK. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Endeavour Silver in a report on Tuesday, November 25th. B. Riley lifted their price target on shares of Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Tuesday, December 9th. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $12.67.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -28.81 and a beta of 1.32. The business’s 50 day simple moving average is $8.53 and its 200-day simple moving average is $7.00.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Research analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EXK. B. Riley Wealth Advisors Inc. acquired a new position in shares of Endeavour Silver during the 2nd quarter valued at $613,000. Azarias Capital Management L.P. acquired a new stake in shares of Endeavour Silver in the second quarter valued at $5,606,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Endeavour Silver by 583.3% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after buying an additional 140,870 shares in the last quarter. Intact Investment Management Inc. grew its holdings in Endeavour Silver by 202.0% during the second quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after acquiring an additional 415,200 shares during the period. Finally, XTX Topco Ltd raised its position in Endeavour Silver by 843.5% in the second quarter. XTX Topco Ltd now owns 254,085 shares of the mining company’s stock worth $1,250,000 after acquiring an additional 227,154 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

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.