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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.92, but opened at $8.65. Endeavour Silver shares last traded at $8.6050, with a volume of 3,202,962 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. CIBC upgraded shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target for the company in a report on Monday, November 3rd. B. Riley boosted their price objective on shares of Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. HC Wainwright restated a “buy” rating and set a $11.00 target price on shares of Endeavour Silver in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Four equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Endeavour Silver currently has a consensus rating of “Buy” and an average price target of $12.67.

Endeavour Silver Stock Performance

The company has a market cap of $2.55 billion, a price-to-earnings ratio of -25.53 and a beta of 1.32. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $8.15 and its 200 day moving average price is $6.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its 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 company had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. On average, analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC acquired a new position in Endeavour Silver in the second quarter valued at $29,000. Total Investment Management Inc. purchased a new position in shares of Endeavour Silver in the 2nd quarter worth about $41,000. Centric Wealth Management acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at about $60,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Endeavour Silver by 46,309.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company’s stock worth $61,000 after purchasing an additional 14,356 shares during the period. Finally, Quarry LP purchased a new stake in shares of Endeavour Silver during the 1st quarter worth about $82,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

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.