Endeavour Silver (NYSE:EXK) Stock Price Down 2.5% – Should You Sell?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price traded down 2.5% on Wednesday . The company traded as low as $3.48 and last traded at $3.49. 3,249,295 shares changed hands during trading, a decline of 57% from the average session volume of 7,496,874 shares. The stock had previously closed at $3.58.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXK. HC Wainwright dropped their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating on the stock. Finally, Alliance Global Partners boosted their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Price Performance

The firm has a market capitalization of $936.50 million, a PE ratio of -27.46 and a beta of 1.64. The stock’s 50 day simple moving average is $4.10 and its two-hundred day simple moving average is $4.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results 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 firm had revenue of $53.40 million during 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%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. On average, sell-side analysts forecast that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its position in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Endeavour Silver in the 3rd quarter valued at approximately $80,000. Rathbones Group PLC increased its holdings 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 buying an additional 8,500 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver during the 3rd quarter valued at approximately $100,000. Finally, Walleye Capital LLC acquired a new position in Endeavour Silver in the third quarter valued at approximately $111,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.