Endeavour Silver (NYSE:EXK) Shares Gap Down - Should You Sell?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shares gapped down prior to trading on Monday . The stock had previously closed at $3.94, but opened at $3.82. Endeavour Silver shares last traded at $3.96, with a volume of 1,780,073 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on EXK. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Raymond James assumed coverage on Endeavour Silver in a research note on Friday, March 21st. They set an "outperform" rating for the company. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Friday, February 28th. Finally, HC Wainwright reissued a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $6.63.

Endeavour Silver Price Performance

The firm has a market cap of $1.04 billion, a P/E ratio of -29.12 and a beta of 1.47. The stock's 50-day moving average is $4.04 and its 200-day moving average is $4.14. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

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

Institutional Trading of Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of EXK. Schroder Investment Management Group acquired a new stake in Endeavour Silver during the fourth quarter worth $36,000. Alpha Cubed Investments LLC bought a new position in shares of Endeavour Silver during the 4th quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $43,000. Farringdon Capital Ltd. bought a new stake in Endeavour Silver in the fourth quarter valued at about $55,000. Finally, Oxford Asset Management LLP acquired a new position in Endeavour Silver in the fourth quarter worth about $57,000. 20.06% of the stock is currently owned by 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.