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

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the target of some unusual options trading activity on Monday. Investors purchased 4,906 call options on the stock. This represents an increase of approximately 78% compared to the average volume of 2,750 call options.

Analyst Ratings Changes

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

Remove Ads

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its position in Endeavour Silver by 995.2% in the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company's stock valued at $4,325,000 after purchasing an additional 1,073,114 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Endeavour Silver during the 4th quarter worth about $543,000. Vident Advisory LLC raised its holdings in Endeavour Silver by 2.8% in the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock valued at $860,000 after buying an additional 6,441 shares during the period. Two Sigma Advisers LP lifted its position in Endeavour Silver by 26.2% in the fourth quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company's stock valued at $765,000 after buying an additional 43,400 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Endeavour Silver by 88.4% during the fourth 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 period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Trading Down 10.9 %

NYSE:EXK traded down $0.39 during trading hours on Friday, hitting $3.15. The company had a trading volume of 18,450,766 shares, compared to its average volume of 7,008,393. Endeavour Silver has a 1 year low of $2.42 and a 1 year high of $5.67. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $4.09 and a 200 day moving average of $4.16. The company has a market cap of $825.01 million, a P/E ratio of -24.19 and a beta of 1.55.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The firm had revenue of $42.20 million during the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Sell-side analysts expect that Endeavour Silver will post -0.07 earnings per share 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.