Endeavour Silver Target of Unusually Large Options Trading (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of unusually large options trading on Wednesday. Traders acquired 10,463 call options on the stock. This represents an increase of 318% compared to the typical daily volume of 2,505 call options.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXK shares. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright lifted their price target on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Wednesday. Finally, TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.63.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently bought and sold shares of EXK. Tidal Investments LLC boosted its position in Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after acquiring an additional 3,581,936 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Endeavour Silver during the fourth quarter worth approximately $7,930,000. American Century Companies Inc. boosted its holdings in shares of Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock worth $9,728,000 after acquiring an additional 1,937,150 shares during the period. Finally, Invesco Ltd. grew its position in shares of Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after purchasing an additional 1,780,405 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Up 4.1 %

NYSE EXK traded up $0.19 during trading hours on Wednesday, hitting $4.71. 10,317,586 shares of the company traded hands, compared to its average volume of 9,381,445. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -36.19 and a beta of 1.55. 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 has a twelve month low of $2.02 and a twelve month high of $5.67. The business’s 50-day moving average is $3.82 and its 200-day moving average is $4.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. Sell-side analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

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.