Endeavour Silver Corp. (NYSE:EXK) Short Interest Down 6.0% in December

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 10,680,000 shares, a decline of 6.0% from the December 15th total of 11,360,000 shares. Approximately 4.4% of the company's stock are sold short. Based on an average trading volume of 6,260,000 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. bought a new position in Endeavour Silver in the 2nd quarter worth approximately $589,000. Quest Partners LLC purchased a new position in shares of Endeavour Silver in the third quarter worth $964,000. Van ECK Associates Corp boosted its position in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company's stock worth $98,994,000 after acquiring an additional 658,215 shares during the last quarter. U S Global Investors Inc. purchased a new position in Endeavour Silver during the third quarter valued at $1,382,000. Finally, Barclays PLC increased its holdings in Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company's stock valued at $205,000 after acquiring an additional 51,901 shares during the last quarter. Institutional investors own 20.06% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on EXK. HC Wainwright dropped their price objective on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Tuesday, December 24th. Alliance Global Partners increased their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a report on Tuesday, October 22nd. TD Securities assumed coverage on Endeavour Silver in a report on Friday, November 29th. They issued a "buy" rating for the company. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Endeavour Silver presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.56.

Endeavour Silver Stock Performance

NYSE EXK traded up $0.03 on Friday, hitting $3.52. 8,235,735 shares of the company traded hands, compared to its average volume of 6,043,327. The business's 50 day moving average price is $4.02 and its 200-day moving average price is $4.01. Endeavour Silver has a 52-week low of $1.42 and a 52-week 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 market capitalization of $922.05 million, a price-to-earnings ratio of -27.04 and a beta of 1.64.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $54.91 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm's revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Endeavour Silver will post -0.08 earnings per share for the current year.

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.