Endeavour Silver (NYSE:EXK) Trading Down 4.9% – Should You Sell?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) were down 4.9% on Thursday . The company traded as low as $3.78 and last traded at $3.78. Approximately 3,027,336 shares were traded during trading, a decline of 71% from the average daily volume of 10,519,977 shares. The stock had previously closed at $3.97.

Analyst Upgrades and Downgrades

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

Endeavour Silver Price Performance

The firm has a fifty day moving average price of $4.04 and a two-hundred day moving average price of $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. The stock has a market capitalization of $1.04 billion, a P/E ratio of -29.12 and a beta of 1.47.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million during the quarter, compared to analyst estimates 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 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its stake in shares of Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Endeavour Silver by 0.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock worth $39,545,000 after buying an additional 99,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after buying an additional 3,581,936 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Endeavour Silver by 5.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company’s stock valued at $21,748,000 after acquiring an additional 288,166 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Endeavour Silver by 268.9% during the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after acquiring an additional 1,937,150 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

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.