Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 3,192,967 shares, a decline of 63.7% from the June 15th total of 8,801,673 shares. Based on an average daily volume of 2,423,376 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.5% of the company’s stock are short sold.

Endeavour Silver Corporation (NYSE:EXK) opened at 3.02 on Wednesday. The company’s 50-day moving average is $2.98 and its 200 day moving average is $3.45. The stock has a market capitalization of $384.45 million, a PE ratio of 47.94 and a beta of -0.01. Endeavour Silver Corporation has a 12-month low of $2.75 and a 12-month high of $5.95.

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, May 3rd. The mining company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Endeavour Silver Corporation had a net margin of 5.35% and a return on equity of 6.33%. The company had revenue of $36.44 million for the quarter, compared to the consensus estimate of $36.31 million. On average, equities research analysts expect that Endeavour Silver Corporation will post $0.13 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of Endeavour Silver Corporation by 912.4% in the first quarter. Bank of Montreal Can now owns 112,460 shares of the mining company’s stock worth $358,000 after buying an additional 101,352 shares during the last quarter. Sprott Inc. increased its stake in shares of Endeavour Silver Corporation by 18.6% in the first quarter. Sprott Inc. now owns 500,759 shares of the mining company’s stock worth $1,592,000 after buying an additional 78,436 shares during the last quarter. UBS Group AG increased its stake in shares of Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock worth $2,363,000 after buying an additional 102,656 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Endeavour Silver Corporation by 15.2% in the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock worth $4,804,000 after buying an additional 199,276 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Endeavour Silver Corporation by 0.5% in the first quarter. Renaissance Technologies LLC now owns 5,476,800 shares of the mining company’s stock worth $17,416,000 after buying an additional 29,500 shares during the last quarter. 32.27% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on EXK. Zacks Investment Research cut shares of Endeavour Silver Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Endeavour Silver Corporation in a report on Tuesday, July 4th. ValuEngine cut shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Noble Financial restated a “buy” rating on shares of Endeavour Silver Corporation in a report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.71.

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Endeavour Silver Corporation Company Profile

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

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