Endeavour Silver (NYSE:EXK) Stock Price Down 6.9% – Should You Sell?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price was down 6.9% on Wednesday . The stock traded as low as $3.63 and last traded at $3.64. Approximately 1,665,749 shares changed hands during trading, a decline of 72% from the average daily volume of 5,900,474 shares. The stock had previously closed at $3.91.

Analyst Ratings Changes

EXK has been the topic of several recent analyst reports. HC Wainwright reduced their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Alliance Global Partners increased their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Finally, Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $931.24 million, a PE ratio of -27.31 and a beta of 1.62. The stock has a 50-day moving average price of $4.17 and a 200 day moving average price of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. Equities analysts forecast that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI increased its position in shares of Endeavour Silver by 5,735.0% in the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares during the last quarter. Caprock Group LLC acquired a new stake in Endeavour Silver in the second quarter valued at $493,000. Choreo LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth about $122,000. American Century Companies Inc. acquired a new position in shares of Endeavour Silver during the 2nd quarter worth about $589,000. Finally, Perritt Capital Management Inc increased its holdings in shares of Endeavour Silver by 11.6% in the 2nd quarter. Perritt Capital Management Inc now owns 235,825 shares of the mining company’s stock valued at $830,000 after acquiring an additional 24,533 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

About Endeavour Silver

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.