Endeavour Silver (NYSE:EXK) Shares Down 4.4% – Should You Sell?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) fell 4.4% during mid-day trading on Tuesday . The company traded as low as $8.79 and last traded at $8.99. 5,996,133 shares were traded during mid-day trading, a decline of 52% from the average session volume of 12,508,629 shares. The stock had previously closed at $9.40.

Analyst Ratings Changes

EXK has been the subject of several research reports. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a report on Friday, October 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective for the company in a report on Monday, November 3rd. Finally, HC Wainwright reissued a “buy” rating and set a $11.00 price objective on shares of Endeavour Silver in a research report on Tuesday, November 25th. Four analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $12.67.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a market capitalization of $2.57 billion, a P/E ratio of -25.65 and a beta of 1.32. The stock’s fifty day moving average is $8.13 and its 200-day moving average is $6.30.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The company had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. On average, equities analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share 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 stock. Vanguard Group Inc. raised its holdings in Endeavour Silver by 1,631.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after acquiring an additional 4,056,768 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after acquiring an additional 3,005,563 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Endeavour Silver in the third quarter valued at about $20,225,000. Alps Advisors Inc. increased its stake in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after purchasing an additional 2,374,365 shares during the period. Finally, Condire Management LP lifted its position in shares of Endeavour Silver by 200.0% during the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after purchasing an additional 2,000,000 shares during the last quarter. Institutional investors and hedge funds 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.