Short Interest in Endeavour Silver Corp. (NYSE:EXK) Decreases By 7.2%

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 11,360,000 shares, a decrease of 7.2% from the November 30th total of 12,240,000 shares. Based on an average daily trading volume, of 6,060,000 shares, the short-interest ratio is presently 1.9 days. Approximately 4.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in Endeavour Silver in the second quarter worth $83,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Endeavour Silver by 44,584.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,897 shares of the mining company's stock worth $151,000 after purchasing an additional 42,801 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at about $87,000. TD Asset Management Inc purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at about $9,452,000. Finally, Hohimer Wealth Management LLC purchased a new stake in Endeavour Silver in the second quarter worth approximately $42,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Price Performance

NYSE:EXK traded down $0.13 during trading hours on Monday, hitting $3.56. The stock had a trading volume of 7,542,550 shares, compared to its average volume of 5,582,840. The company has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $4.01. The firm has a market capitalization of $933.86 million, a price-to-earnings ratio of -27.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same quarter last year, the company earned ($0.04) earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts forecast that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXK has been the subject of a number of research reports. TD Securities started coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a "buy" rating for the company. Alliance Global Partners raised their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. HC Wainwright reissued a "buy" rating and set a $7.25 target price on shares of Endeavour Silver in a report on Wednesday, December 18th. StockNews.com raised Endeavour Silver to a "sell" rating in a report on Tuesday, December 24th. Finally, Ventum Cap Mkts upgraded 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 assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.