Endeavour Silver Corp. (NYSE:EXK) Short Interest Update

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 12,240,000 shares, a decrease of 6.8% from the November 15th total of 13,140,000 shares. Approximately 5.0% of the company’s shares are short sold. Based on an average daily trading volume, of 5,910,000 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently bought and sold shares of EXK. Blue Trust Inc. boosted its stake in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares during the period. Rathbones Group PLC boosted its position in Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares during the period. Geode Capital Management LLC raised its position in shares of Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after purchasing an additional 10,543 shares during the period. Hohimer Wealth Management LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Finally, Oxbow Advisors LLC acquired a new position in Endeavour Silver in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

EXK opened at $4.01 on Wednesday. The business’s 50-day simple moving average is $4.57 and its 200 day simple moving average is $4.01. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a market capitalization of $1.05 billion, a PE ratio of -30.85 and a beta of 1.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued 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. The business had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share. As a group, sell-side analysts expect that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Alliance Global Partners boosted their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. HC Wainwright reissued a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a research note on Monday, December 2nd. TD Securities assumed coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver currently has an average rating of “Moderate Buy” and an average target price of $6.63.

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.