Endeavour Silver (NYSE:EXK) Shares Gap Down to $3.08

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down before the market opened on Monday . The stock had previously closed at $3.08, but opened at $2.63. Endeavour Silver shares last traded at $2.63, with a volume of 2,246,485 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, May 10th. HC Wainwright decreased 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, August 2nd. Alliance Global Partners boosted their price target on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a report on Wednesday, July 10th. CIBC lifted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets began coverage on Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Endeavour Silver currently has an average rating of “Moderate Buy” and an average price target of $6.13.

Endeavour Silver Price Performance

The company has a market capitalization of $649.09 million, a PE ratio of -131.50 and a beta of 1.69. 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 company’s 50 day moving average price is $3.92 and its 200-day moving average price is $2.95.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) 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 analysts’ expectations of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.29%. Endeavour Silver’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. On average, sell-side analysts forecast that Endeavour Silver Corp. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Atria Wealth Solutions Inc. acquired a new stake in shares of Endeavour Silver in the fourth quarter worth $25,000. Dynamic Technology Lab Private Ltd acquired a new stake in Endeavour Silver in the 4th quarter valued at $30,000. MCIA Inc acquired a new stake in Endeavour Silver in the 1st quarter valued at $34,000. Baader Bank Aktiengesellschaft purchased a new position in Endeavour Silver in the second quarter valued at about $42,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Endeavour Silver during the second quarter worth about $42,000. Hedge funds and other institutional investors 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.