Endeavour Silver (NYSE:EXK) Stock Price Down 3.7% - What's Next?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's share price traded down 3.7% during trading on Friday . The company traded as low as $3.92 and last traded at $3.95. 592,822 shares were traded during trading, a decline of 89% from the average session volume of 5,509,647 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Wednesday, November 6th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a report on Wednesday, November 13th. Alliance Global Partners lifted their target price 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. HC Wainwright reiterated a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a report on Monday, December 2nd. Finally, TD Securities began coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $6.63.

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 company has a market cap of $1.03 billion, a price-to-earnings ratio of -30.15 and a beta of 1.62. The stock's 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.01.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. During the same period in the prior year, the business posted ($0.04) EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock valued at $57,000 after purchasing an additional 8,389 shares during the period. Rathbones Group PLC grew its stake in shares of Endeavour Silver by 58.8% in the second 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company's stock worth $460,000 after acquiring an additional 10,543 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of Endeavour Silver during the second quarter worth $42,000. Finally, Oxbow Advisors LLC acquired a new stake in shares of Endeavour Silver in the second quarter valued at $51,000. 20.06% of the stock is 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.