Short Interest in Endeavour Silver Corp. (NYSE:EXK) Increases By 8.1%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 13,620,000 shares, an increase of 8.1% from the August 31st total of 12,600,000 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average daily trading volume, of 5,130,000 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently made changes to their positions in EXK. B. Riley Wealth Advisors Inc. increased its position in shares of Endeavour Silver by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares in the last quarter. Rathbones Group PLC grew its holdings in shares of Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of Endeavour Silver in the second quarter valued at about $42,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Endeavour Silver in the second quarter worth about $42,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXK shares. HC Wainwright dropped their target price on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a report on Friday, August 2nd. Alliance Global Partners raised their price objective on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. BMO Capital Markets began coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 target price for the company. Finally, CIBC raised their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus target price of $6.13.

Endeavour Silver Stock Down 3.2 %

Endeavour Silver stock opened at $3.94 on Tuesday. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.02. The stock has a market capitalization of $968.71 million, a PE ratio of -195.00 and a beta of 1.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The business has a 50 day simple moving average of $3.47 and a 200-day simple moving average of $3.36.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The company had revenue of $58.30 million for the quarter, compared to analyst estimates of $62.01 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. On average, analysts anticipate that Endeavour Silver will post 0.04 EPS for the current fiscal 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.