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

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

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after acquiring an additional 51,901 shares during the period. HighTower Advisors LLC grew its position in shares of Endeavour Silver by 28.3% in the 4th quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock worth $575,000 after buying an additional 34,700 shares during the last quarter. Sprott Inc. lifted its position in Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after acquiring an additional 298,091 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 10,543 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Endeavour Silver in the fourth quarter worth $119,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Down 1.3 %

NYSE EXK traded down $0.06 during trading hours on Monday, hitting $4.28. 14,175,502 shares of the company were exchanged, compared to its average volume of 6,830,883. The stock has a market cap of $1.12 billion, a PE ratio of -32.88 and a beta of 1.55. Endeavour Silver has a 52 week low of $2.40 and a 52 week high of $5.67. The stock has a 50-day moving average price of $4.08 and a 200 day moving average price of $4.17. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

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

Wall Street Analysts Forecast Growth

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

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.