Endeavour Silver (NYSE:EXK) Stock Price Down 3.6% – Should You Sell?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was down 3.6% during trading on Monday . The stock traded as low as $4.22 and last traded at $4.30. Approximately 415,173 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 5,534,769 shares. The stock had previously closed at $4.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EXK. HC Wainwright lifted their target price on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. Alliance Global Partners increased their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The business’s fifty day moving average is $4.50 and its two-hundred day moving average is $3.96.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. Sell-side analysts expect that Endeavour Silver Corp. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of EXK. B. Riley Wealth Advisors Inc. grew its stake in shares of Endeavour Silver by 9.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after purchasing an additional 6,800 shares during the period. SG Americas Securities LLC grew its position in Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the period. Blue Trust Inc. increased its holdings in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the last quarter. Rathbones Group PLC boosted its stake in shares of Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after acquiring an additional 10,543 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.