Endeavour Silver (TSE:EDR) Stock Price Down 10.1% – Should You Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares fell 10.1% during trading on Wednesday . The company traded as low as C$12.98 and last traded at C$13.14. 720,227 shares traded hands during trading, a decline of 59% from the average session volume of 1,736,935 shares. The stock had previously closed at C$14.61.

Analyst Upgrades and Downgrades

EDR has been the subject of a number of research analyst reports. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Natl Bk Canada raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. Ventum Financial increased their price objective on Endeavour Silver from C$9.75 to C$12.15 in a report on Friday, September 26th. BMO Capital Markets lifted their price objective on Endeavour Silver from C$13.00 to C$15.00 in a research report on Friday, October 17th. Finally, CIBC upped their target price on Endeavour Silver from C$14.00 to C$16.00 in a research report on Monday, November 3rd. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$13.11.

Endeavour Silver Stock Performance

The firm has a market cap of C$3.89 billion, a price-to-earnings ratio of -40.09, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51. The firm’s 50 day moving average is C$12.07 and its 200-day moving average is C$9.92. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its earnings results on Friday, November 7th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$198.88 million for the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. Sell-side analysts anticipate that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

Insider Transactions at Endeavour Silver

In other Endeavour Silver news, Director Rex John Mclennan sold 10,000 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of C$11.55, for a total transaction of C$115,500.00. Following the transaction, the director owned 34,800 shares in the company, valued at C$401,940. This trade represents a 22.32% decrease in their ownership of the stock. 0.17% of the stock is owned by insiders.

Endeavour Silver Company Profile

Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.