Endeavour Silver (NYSE:EXK) Trading Down 2.5% - Here's What Happened

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price dropped 2.5% on Wednesday . The stock traded as low as $3.48 and last traded at $3.49. Approximately 3,249,295 shares traded hands during trading, a decline of 57% from the average daily volume of 7,496,874 shares. The stock had previously closed at $3.58.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a report on Tuesday, December 24th. Alliance Global Partners raised their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. TD Securities began coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a "buy" rating on the stock. Finally, HC Wainwright decreased their target price on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating for the company in a research report on Friday, January 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 one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $6.56.

Endeavour Silver Stock Down 0.8 %

The business's 50 day moving average is $4.07 and its 200 day moving average is $4.01. 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 $931.25 million, a P/E ratio of -27.31 and a beta of 1.64.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. As a group, equities analysts anticipate that Endeavour Silver Corp. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. American Century Companies Inc. acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $589,000. Quest Partners LLC purchased a new position in shares of Endeavour Silver in the third quarter worth about $964,000. Van ECK Associates Corp lifted its holdings in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company's stock worth $98,994,000 after purchasing an additional 658,215 shares during the period. U S Global Investors Inc. purchased a new stake in Endeavour Silver in the third quarter valued at approximately $1,382,000. Finally, Barclays PLC boosted its position in Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company's stock valued at $205,000 after buying an additional 51,901 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

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.