Endeavour Silver (EXK) Shares Down 5.9%

Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) dropped 5.9% on Thursday . The company traded as low as $2.37 and last traded at $2.38. Approximately 2,507,507 shares traded hands during trading, an increase of 49% from the average daily volume of 1,680,867 shares. The stock had previously closed at $2.53.

Several research firms recently commented on EXK. Zacks Investment Research cut Endeavour Silver from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 12th. HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver in a research report on Wednesday, October 25th. ValuEngine cut Endeavour Silver from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. BMO Capital Markets began coverage on Endeavour Silver in a research report on Friday, November 17th. They issued a “market perform” rating on the stock. Finally, Noble Financial restated a “buy” rating on shares of Endeavour Silver in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Endeavour Silver currently has an average rating of “Hold” and a consensus price target of $4.94.

The company has a market cap of $302.81, a PE ratio of 119.00 and a beta of -0.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Thursday, November 2nd. The mining company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Endeavour Silver had a net margin of 1.32% and a return on equity of 1.30%. analysts anticipate that Endeavour Silver Corp will post 0.06 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its stake in Endeavour Silver by 5.5% during the 2nd quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock valued at $115,000 after purchasing an additional 1,925 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Endeavour Silver by 622.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,556 shares of the mining company’s stock valued at $194,000 after purchasing an additional 68,550 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Endeavour Silver during the 3rd quarter valued at $226,000. Cubist Systematic Strategies LLC bought a new position in Endeavour Silver during the 2nd quarter valued at $361,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Endeavour Silver by 247.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,983 shares of the mining company’s stock valued at $387,000 after purchasing an additional 90,461 shares in the last quarter. 23.24% of the stock is owned by hedge funds and other institutional investors.

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Endeavour Silver Company Profile

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

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