Endeavour Silver Corp. (NYSE:EXK) Sees Significant Decline in Short Interest

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 12,390,000 shares, a decrease of 13.8% from the February 28th total of 14,370,000 shares. Currently, 4.7% of the company's shares are short sold. Based on an average daily volume of 9,160,000 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EXK. 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 purchasing an additional 1,073,114 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Endeavour Silver during the 4th quarter worth about $543,000. Vident Advisory LLC boosted 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 acquiring an additional 6,441 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Endeavour Silver by 26.2% in the 4th quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company's stock valued at $765,000 after acquiring an additional 43,400 shares during the last quarter. Finally, Two Sigma Investments LP raised 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 acquiring an additional 341,468 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

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Analyst Upgrades and Downgrades

EXK has been the subject of a number of research analyst reports. StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Friday, February 28th. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Raymond James assumed coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating for the company. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Finally, HC Wainwright lifted their target price on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a "buy" rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Endeavour Silver currently has a consensus rating of "Moderate Buy" and an average target price of $6.63.

Endeavour Silver Stock Up 4.0 %

EXK stock traded up $0.13 during midday trading on Monday, hitting $3.28. The company's stock had a trading volume of 11,928,494 shares, compared to its average volume of 7,017,853. The firm has a 50-day simple moving average of $4.09 and a 200-day simple moving average of $4.17. The firm has a market capitalization of $859.11 million, a P/E ratio of -25.19 and a beta of 1.47. 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 has a 52-week low of $2.42 and a 52-week high of $5.67.

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

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.