Endeavour Silver (NYSE:EXK) Shares Gap Down - Here's What Happened

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR gapped down before the market opened on Friday . The stock had previously closed at $3.78, but opened at $3.61. Endeavour Silver shares last traded at $3.69, with a volume of 856,042 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXK. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. HC Wainwright reiterated a "buy" rating and set a $7.25 price objective on shares of Endeavour Silver in a research note on Thursday, April 10th. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James began coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They issued an "outperform" rating on the stock. Finally, StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Endeavour Silver has a consensus rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock's fifty day moving average is $4.00 and its two-hundred day moving average is $4.12. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -28.38 and a beta of 1.47.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analysts' expectations of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, analysts expect that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in Endeavour Silver by 1.0% during the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock valued at $1,034,000 after buying an additional 2,661 shares during the period. Vident Advisory LLC grew its stake in shares of Endeavour Silver by 2.8% in the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock worth $860,000 after purchasing an additional 6,441 shares during the last quarter. Cantor Fitzgerald L. P. grew its stake in shares of Endeavour Silver by 33.0% in the 4th quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock worth $111,000 after purchasing an additional 7,500 shares during the last quarter. Swiss National Bank grew its stake in shares of Endeavour Silver by 2.1% in the 4th quarter. Swiss National Bank now owns 485,900 shares of the mining company's stock worth $1,781,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $37,000. 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.