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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) was the recipient of some unusual options trading on Friday. Stock traders purchased 14,621 call options on the company. This is an increase of approximately 59% compared to the average daily volume of 9,184 call options.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. B. Riley lifted their target price on shares of Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. Finally, CIBC upgraded shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target on the stock in a report on Monday, November 3rd. Four research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $12.67.

Endeavour Silver Trading Up 13.9%

Shares of EXK stock opened at $9.82 on Friday. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $10.37. The company has a market cap of $2.89 billion, a PE ratio of -36.36 and a beta of 1.27. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $8.01 and its two-hundred day moving average is $6.16.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The firm had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Equities analysts predict that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP increased its stake in shares of Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after purchasing an additional 1,490 shares during the period. Aire Advisors LLC increased its position in Endeavour Silver by 5.2% in the 3rd quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock worth $247,000 after buying an additional 1,547 shares during the period. Hohimer Wealth Management LLC increased its position in Endeavour Silver by 16.6% in the 3rd quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock worth $113,000 after buying an additional 2,050 shares during the period. Public Employees Retirement System of Ohio increased its position in Endeavour Silver by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock worth $362,000 after buying an additional 2,129 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Endeavour Silver by 5.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock worth $203,000 after buying an additional 2,161 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.