Stock Traders Purchase Large Volume of Endeavour Silver Call Options (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 6,980 call options on the stock. This is an increase of approximately 108% compared to the typical daily volume of 3,363 call options.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in shares of Endeavour Silver by 52.9% in the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Endeavour Silver by 0.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock worth $39,545,000 after buying an additional 99,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Endeavour Silver by 11.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company’s stock valued at $28,279,000 after acquiring an additional 680,802 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after acquiring an additional 3,581,936 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Endeavour Silver by 12.1% during the 1st quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company’s stock worth $15,865,000 after acquiring an additional 401,394 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. HC Wainwright reissued a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research note on Wednesday, May 14th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Endeavour Silver to a “sell” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Up 7.7%

Shares of NYSE EXK opened at $4.56 on Friday. 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 12 month low of $2.46 and a 12 month high of $5.67. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -35.04 and a beta of 1.50. The business has a fifty day simple moving average of $3.62 and a 200-day simple moving average of $3.88.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $83.10 million. Sell-side analysts predict 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.