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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $10.71, but opened at $10.22. Endeavour Silver shares last traded at $10.5550, with a volume of 1,770,581 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXK shares. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. B. Riley Financial assumed coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective on the stock. Finally, HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Endeavour Silver presently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Price Performance

The company has a 50-day moving average of $8.91 and a two-hundred day moving average of $9.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The stock has a market capitalization of $3.08 billion, a PE ratio of 49.45 and a beta of 1.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The company had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. Sell-side analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors have recently bought and sold shares of EXK. Amundi increased its position in Endeavour Silver by 66.3% during the second quarter. Amundi now owns 54,341 shares of the mining company’s stock worth $450,000 after purchasing an additional 21,658 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Endeavour Silver by 223.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock valued at $29,000 after purchasing an additional 2,418 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Endeavour Silver during the 2nd quarter valued at $200,000. GTS Securities LLC purchased a new stake in shares of Endeavour Silver during the 2nd quarter valued at $156,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth $1,218,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.