Endeavour Silver (NYSE:EXK) Shares Gap Down – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.27, but opened at $3.93. Endeavour Silver shares last traded at $3.81, with a volume of 5,032,047 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EXK shares. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. HC Wainwright increased their price target on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, March 12th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Raymond James started coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating for the company. Finally, TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Price Performance

The company has a 50 day moving average of $4.10 and a 200 day moving average of $4.17. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market cap of $983.72 million, a price-to-earnings ratio of -28.85 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. Equities research analysts predict that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EXK. Tidal Investments LLC raised its holdings in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after acquiring an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Endeavour Silver by 0.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock valued at $39,545,000 after purchasing an additional 99,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock valued at $23,858,000 after purchasing an additional 3,581,936 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Endeavour Silver by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock valued at $21,748,000 after purchasing an additional 288,166 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock worth $9,728,000 after buying an additional 1,937,150 shares during the period. Institutional investors own 20.06% of the company’s stock.

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.