Endeavour Silver (NYSE:EXK) Shares Down 4.7%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price fell 4.7% on Friday . The company traded as low as $4.07 and last traded at $4.08. 2,423,828 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 5,411,944 shares. The stock had previously closed at $4.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXK. CIBC raised their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Alliance Global Partners raised their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a report on Wednesday, July 10th. HC Wainwright lowered their price target on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, BMO Capital Markets initiated coverage on shares of Endeavour Silver in a report on Monday, June 17th. They issued an “outperform” rating and a $6.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Endeavour Silver currently has an average rating of “Moderate Buy” and an average price target of $6.13.

Endeavour Silver Trading Down 4.7 %

The stock has a market capitalization of $1.00 billion, a P/E ratio of -202.50 and a beta of 1.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The business’s 50 day simple moving average is $3.48 and its 200-day simple moving average is $3.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. As a group, analysts forecast that Endeavour Silver Corp. will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock valued at $86,125,000 after buying an additional 13,657,121 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Endeavour Silver by 60.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after buying an additional 4,046,065 shares during the last quarter. Tidal Investments LLC acquired a new stake in Endeavour Silver in the 1st quarter valued at $19,008,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Endeavour Silver by 3.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after buying an additional 188,787 shares during the last quarter. Finally, TD Asset Management Inc acquired a new stake in Endeavour Silver in the 2nd quarter valued at $9,452,000. 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.