Endeavour Silver (NYSE:EXK) (TSE:EDR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants. “

A number of other brokerages have also recently issued reports on EXK. Noble Financial restated a “hold” rating on shares of Endeavour Silver in a research note on Monday, May 11th. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Endeavour Silver in a research note on Friday, May 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Endeavour Silver presently has an average rating of “Hold” and an average price target of $2.81.

Shares of EXK stock traded up $0.05 during trading hours on Monday, hitting $2.19. 3,317,266 shares of the company were exchanged, compared to its average volume of 2,832,158. The company has a current ratio of 2.15, a quick ratio of 1.60 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $313.57 million, a price-to-earnings ratio of -5.92 and a beta of 0.93. The firm has a fifty day simple moving average of $1.89 and a 200 day simple moving average of $1.84. Endeavour Silver has a 52-week low of $0.99 and a 52-week high of $3.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, May 8th. The mining company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $21.93 million for the quarter, compared to the consensus estimate of $23.10 million. Endeavour Silver had a negative net margin of 44.29% and a negative return on equity of 32.09%. Sell-side analysts anticipate that Endeavour Silver will post 0.02 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank lifted its stake in Endeavour Silver by 7.2% in the 4th quarter. Swiss National Bank now owns 263,900 shares of the mining company’s stock worth $635,000 after purchasing an additional 17,700 shares in the last quarter. National Asset Management Inc. increased its holdings in shares of Endeavour Silver by 18.8% in the fourth quarter. National Asset Management Inc. now owns 38,000 shares of the mining company’s stock worth $92,000 after purchasing an additional 6,000 shares during the period. TD Asset Management Inc. purchased a new stake in shares of Endeavour Silver in the fourth quarter worth $227,000. Credit Suisse AG raised its position in shares of Endeavour Silver by 29.7% in the fourth quarter. Credit Suisse AG now owns 68,534 shares of the mining company’s stock worth $165,000 after buying an additional 15,675 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in Endeavour Silver by 75.0% during the fourth quarter. Toronto Dominion Bank now owns 47,910 shares of the mining company’s stock worth $115,000 after buying an additional 20,535 shares in the last quarter. Hedge funds and other institutional investors own 14.96% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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