Traders Buy High Volume of Endeavour Silver Call Options (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) saw unusually large options trading on Wednesday. Stock traders acquired 10,463 call options on the company. This is an increase of approximately 318% compared to the average volume of 2,505 call options.

Institutional Trading of Endeavour Silver

Several institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its position in shares of Endeavour Silver by 995.2% during the 4th quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company’s stock worth $4,325,000 after buying an additional 1,073,114 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $543,000. Vident Advisory LLC lifted its position in shares of Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock worth $860,000 after buying an additional 6,441 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Endeavour Silver by 26.2% during the 4th quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company’s stock worth $765,000 after buying an additional 43,400 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Endeavour Silver by 88.4% during the 4th 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 last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Up 2.7 %

Shares of Endeavour Silver stock opened at $4.64 on Thursday. Endeavour Silver has a 52-week low of $2.02 and a 52-week high of $5.67. The company has a 50 day moving average of $3.84 and a 200 day moving average of $4.02. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.22 billion, a P/E ratio of -35.70 and a beta of 1.55.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXK. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Wednesday. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research note on Monday. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, HC Wainwright boosted their price objective on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.