Endeavour Silver (NYSE:EXK) Shares Gap Down to $2.67

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.67, but opened at $2.54. Endeavour Silver shares last traded at $2.59, with a volume of 1,908,476 shares.

Analysts Set New Price Targets

Several research firms have weighed in on EXK. HC Wainwright cut their target price on Endeavour Silver from $7.25 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. TD Securities upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 23rd.

Endeavour Silver Price Performance

The company has a market capitalization of $612.87 million, a P/E ratio of 127.56 and a beta of 1.69. The company has a quick ratio of 1.26, a current ratio of 1.73 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $2.05.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Monday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter. Endeavour Silver had a return on equity of 2.28% and a net margin of 2.98%. The business had revenue of $50.50 million during the quarter. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts expect that Endeavour Silver Corp. will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MCIA Inc acquired a new position in shares of Endeavour Silver during the first quarter worth about $34,000. Goldman Sachs Group Inc. boosted its holdings in Endeavour Silver by 369.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,323,666 shares of the mining company’s stock worth $2,608,000 after purchasing an additional 1,041,828 shares during the last quarter. Virtu Financial LLC acquired a new stake in Endeavour Silver in the 4th quarter valued at $112,000. Legal & General Group Plc boosted its stake in shares of Endeavour Silver by 6.4% during the 4th quarter. Legal & General Group Plc now owns 135,494 shares of the mining company’s stock worth $267,000 after buying an additional 8,100 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of Endeavour Silver in the 4th quarter valued at about $341,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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.