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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) dropped 8.3% on Friday . The company traded as low as $10.93 and last traded at $10.6080. Approximately 4,038,537 shares traded hands during mid-day 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 topic of several recent research reports. B. Riley lifted their price target on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research report on Tuesday, December 9th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday. HC Wainwright reaffirmed a “buy” rating and set a $14.50 price target (up from $11.00) on shares of Endeavour Silver in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Endeavour Silver presently has a consensus rating of “Buy” and an average target price of $13.88.

Endeavour Silver Stock Down 3.0%

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The firm’s 50 day moving average is $9.10 and its two-hundred day moving average is $7.43. The firm has a market capitalization of $3.32 billion, a P/E ratio of -33.07 and a beta of 1.23.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its stake in Endeavour Silver by 2.0% in the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company’s stock valued at $582,000 after acquiring an additional 1,490 shares during the period. Aire Advisors LLC increased its holdings in shares of Endeavour Silver by 5.2% in the third quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock valued at $247,000 after purchasing an additional 1,547 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Endeavour Silver by 16.6% in the third quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock valued at $113,000 after purchasing an additional 2,050 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Endeavour Silver by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock valued at $362,000 after purchasing an additional 2,129 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Endeavour Silver by 5.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock worth $203,000 after buying an additional 2,161 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

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.