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

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the target of unusually large options trading on Wednesday. Investors purchased 10,463 call options on the stock. This is an increase of 318% compared to the typical volume of 2,505 call options.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in EXK. Tidal Investments LLC boosted its stake in Endeavour Silver by 52.9% during the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after purchasing an additional 3,869,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock valued at $23,858,000 after purchasing an additional 3,581,936 shares during the last quarter. Millennium Management LLC acquired a new position in Endeavour Silver during the 4th quarter valued at about $7,930,000. American Century Companies Inc. boosted its stake in Endeavour Silver by 268.9% during the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock valued at $9,728,000 after purchasing an additional 1,937,150 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Endeavour Silver by 529.5% during the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock valued at $7,747,000 after purchasing an additional 1,780,405 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

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Endeavour Silver Stock Up 0.3 %

Shares of EXK traded up $0.02 during trading hours on Friday, hitting $4.72. The stock had a trading volume of 6,877,702 shares, compared to its average volume of 6,656,732. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $4.05. The firm has a market capitalization of $1.24 billion, a P/E ratio of -36.27 and a beta of 1.55. Endeavour Silver has a 1-year low of $2.02 and a 1-year high of $5.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 0.97% and a negative net margin of 13.04%. Sell-side analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com raised Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. TD Securities raised Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright lifted their price objective on Endeavour Silver from $7.00 to $7.25 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.