Investors Purchase Large Volume of Endeavour Silver Call Options (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of unusually large options trading activity on Monday. Traders acquired 4,906 call options on the stock. This is an increase of 78% compared to the average volume of 2,750 call options.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXK. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James initiated coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating for the company. Finally, HC Wainwright lifted their price target on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Down 11.6 %

EXK opened at $3.78 on Wednesday. The stock has a market capitalization of $990.27 million, a PE ratio of -29.04 and a beta of 1.55. Endeavour Silver has a one year low of $2.42 and a one year 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 business’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.17.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EXK. Mackenzie Financial Corp raised its stake in shares of Endeavour Silver by 995.2% in the 4th quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company’s stock valued at $4,325,000 after acquiring an additional 1,073,114 shares during the period. Voloridge Investment Management LLC acquired a new stake in Endeavour Silver in the 4th quarter valued at approximately $543,000. Vident Advisory LLC raised its position in Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock valued at $860,000 after purchasing an additional 6,441 shares during the period. Two Sigma Advisers LP lifted its stake in Endeavour Silver by 26.2% during the fourth quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company’s stock worth $765,000 after purchasing an additional 43,400 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Endeavour Silver by 88.4% during the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company’s stock worth $2,664,000 after buying an additional 341,468 shares during the period. Institutional investors and hedge funds own 20.06% of the company’s stock.

About Endeavour Silver

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.