Endeavour Silver Target of Unusually High Options Trading (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) saw unusually large options trading activity on Friday. Investors acquired 4,878 call options on the company. This is an increase of 56% compared to the average daily volume of 3,128 call options.

Endeavour Silver Trading Up 6.3 %

NYSE:EXK opened at $3.57 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Endeavour Silver has a 1-year low of $2.46 and a 1-year high of $5.67. The firm has a market capitalization of $982.50 million, a price-to-earnings ratio of -27.46 and a beta of 1.50. The business’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $4.04.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, equities analysts expect that Endeavour Silver will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its holdings in Endeavour Silver by 23.9% during the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company’s stock worth $113,000 after acquiring an additional 5,116 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Endeavour Silver during the first quarter worth about $576,000. LPL Financial LLC lifted its holdings in shares of Endeavour Silver by 129.7% during the 1st quarter. LPL Financial LLC now owns 648,822 shares of the mining company’s stock valued at $2,770,000 after purchasing an additional 366,302 shares in the last quarter. TD Asset Management Inc grew its position in shares of Endeavour Silver by 12.1% in the 1st quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company’s stock valued at $15,865,000 after purchasing an additional 401,394 shares during the period. Finally, Hohimer Wealth Management LLC increased its stake in Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock worth $56,000 after purchasing an additional 2,915 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EXK shares. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Raymond James assumed coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $7.25 price objective on shares of Endeavour Silver in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.63.

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.