Endeavour Silver (TSE:EDR) Trading Down 10.1% – Here’s Why

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price fell 10.1% on Wednesday . The stock traded as low as C$12.98 and last traded at C$13.14. 720,227 shares changed 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

Several research firms have commented on EDR. National Bankshares lifted their target price on shares of Endeavour Silver from C$18.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. BMO Capital Markets lifted their price target on Endeavour Silver from C$13.00 to C$15.00 in a report on Friday, October 17th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, December 8th. Finally, CIBC lifted their target price on Endeavour Silver from C$14.00 to C$16.00 in a research note on Monday, November 3rd. Five equities 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. According to data from MarketBeat, Endeavour Silver has a consensus rating of “Strong Buy” and a consensus price target of C$13.11.

Endeavour Silver Trading Down 3.0%

The firm has a 50 day moving average of C$12.16 and a 200 day moving average of C$9.97. The firm has a market cap of C$3.98 billion, a PE ratio of -41.00, a P/E/G ratio of 0.76 and a beta of 2.51. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65.

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

Insider Transactions at Endeavour Silver

In related news, Director Rex John Mclennan sold 10,000 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of C$11.55, for a total value of C$115,500.00. Following the sale, the director directly owned 34,800 shares in the company, valued at approximately C$401,940. The trade was a 22.32% decrease in their position. Corporate insiders own 0.17% of the company’s stock.

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.