Short Interest in Endeavour Silver Corp. (NYSE:EXK) Increases By 7.3%

Endeavour Silver Corp. (NYSE:EXKGet Rating) (TSE:EDR) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 4,120,000 shares, an increase of 7.3% from the December 15th total of 3,840,000 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,350,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Endeavour Silver

Large investors have recently made changes to their positions in the company. Citigroup Inc. acquired a new stake in shares of Endeavour Silver during the 1st quarter worth approximately $35,000. Royal Bank of Canada lifted its stake in Endeavour Silver by 49.1% in the 1st quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock valued at $43,000 after purchasing an additional 2,971 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Endeavour Silver in the 3rd quarter valued at approximately $27,000. Raymond James Financial Services Advisors Inc. bought a new position in Endeavour Silver in the 1st quarter valued at approximately $49,000. Finally, Ritholtz Wealth Management bought a new position in Endeavour Silver in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 23.64% of the company’s stock.

Endeavour Silver Stock Performance

NYSE EXK opened at $3.57 on Monday. The company has a current ratio of 3.65, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $677.03 million, a price-to-earnings ratio of -357.00 and a beta of 1.34. The firm’s 50 day simple moving average is $3.38 and its 200 day simple moving average is $3.29. Endeavour Silver has a 1 year low of $2.47 and a 1 year high of $5.78.

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 8th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). The firm had revenue of $39.65 million for the quarter, compared to analyst estimates of $45.48 million. Endeavour Silver had a positive return on equity of 1.34% and a negative net margin of 1.26%.

Analysts Set New Price Targets

EXK has been the topic of a number of research reports. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Monday, January 16th. HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Endeavour Silver in a research note on Wednesday, January 11th. B. Riley decreased their target price on shares of Endeavour Silver from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Stifel Nicolaus decreased their target price on shares of Endeavour Silver from C$6.50 to C$5.50 in a research report on Wednesday, November 23rd. Finally, BMO Capital Markets increased their target price on shares of Endeavour Silver from C$4.50 to C$4.75 in a research report on Wednesday, January 11th.

Endeavour Silver Company Profile

(Get Rating)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

Further Reading

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