Endeavour Silver (NYSE:EXK) Stock Price Down 8.3% – What’s Next?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) shares dropped 8.3% during trading on Friday . The company traded as low as $10.93 and last traded at $10.6080. Approximately 4,038,537 shares traded hands during trading, a decline of 71% from the average daily volume of 14,108,965 shares. The stock had previously closed at $11.57.

Wall Street Analysts Forecast Growth

EXK has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and issued a $14.50 price target (up previously from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday. Industrial Alliance Securities set a $11.00 price objective on shares of Endeavour Silver in a research note on Friday, January 9th. Finally, Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Five equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $13.88.

Endeavour Silver Stock Performance

The business’s 50-day simple moving average is $9.19 and its two-hundred day simple moving average is $7.49. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -34.38 and a beta of 1.23. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The company had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, sell-side analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Endeavour Silver during the second quarter valued at approximately $29,000. Total Investment Management Inc. acquired a new position in Endeavour Silver in the 2nd quarter valued at $41,000. Centric Wealth Management purchased a new position in Endeavour Silver in the 2nd quarter valued at $60,000. Andina Capital Management LLC acquired a new stake in Endeavour Silver during the 3rd quarter worth $89,000. Finally, Swiss Life Asset Management Ltd acquired a new stake in Endeavour Silver during the 3rd quarter worth $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.