Endeavour Silver (NYSE:EXK) Stock Price Down 14%

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) traded down 14% on Thursday . The company traded as low as $3.83 and last traded at $3.88. 1,915,767 shares were traded during mid-day trading, a decline of 64% from the average session volume of 5,390,907 shares. The stock had previously closed at $4.51.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised Endeavour Silver to a “sell” rating in a report on Friday, May 10th. Alliance Global Partners increased their target price on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BMO Capital Markets began coverage on shares of Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 price target on the stock. CIBC upped their price objective on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, HC Wainwright cut their target price on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Endeavour Silver Trading Down 7.7 %

The company has a current ratio of 2.02, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $4.01 and its 200 day moving average is $2.88. The firm has a market capitalization of $826.12 million, a price-to-earnings ratio of -168.00 and a beta of 1.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI lifted its position in shares of Endeavour Silver by 5,735.0% in the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after purchasing an additional 431,274 shares during the period. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver in the second quarter valued at $42,000. TD Asset Management Inc bought a new stake in Endeavour Silver during the second quarter valued at $9,452,000. Van ECK Associates Corp grew its holdings in Endeavour Silver by 126.3% during the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after acquiring an additional 13,657,121 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Endeavour Silver in the 2nd quarter worth about $87,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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.