Endeavour Silver (NYSE:EXK) Shares Down 3.6% – Time to Sell?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) traded down 3.6% on Monday . The company traded as low as $4.22 and last traded at $4.30. 415,173 shares were traded during trading, a decline of 92% from the average session volume of 5,534,769 shares. The stock had previously closed at $4.46.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EXK shares. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. HC Wainwright lifted their price objective on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Alliance Global Partners upped their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Performance

The firm has a fifty day moving average price of $4.53 and a 200 day moving average price of $3.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in EXK. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver in the second quarter valued at approximately $42,000. Baader Bank Aktiengesellschaft bought a new position in shares of Endeavour Silver in the 2nd quarter worth $42,000. SG Americas Securities LLC boosted its position in shares of Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Endeavour Silver during the second quarter worth $51,000. Finally, Oak Family Advisors LLC bought a new stake in Endeavour Silver in the second quarter valued at about $55,000. Institutional investors own 20.06% of the company’s stock.

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.