Endeavour Silver Corp. (NYSE:EXK) Short Interest Down 6.8% in November

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 12,240,000 shares, a drop of 6.8% from the November 15th total of 13,140,000 shares. Based on an average daily volume of 5,910,000 shares, the short-interest ratio is presently 2.1 days. Approximately 5.0% of the shares of the stock are short sold.

Institutional Trading of Endeavour Silver

Several institutional investors have recently added to or reduced their stakes in EXK. Van ECK Associates Corp lifted its stake in Endeavour Silver by 126.3% in the second quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after purchasing an additional 13,657,121 shares during the last quarter. TD Asset Management Inc bought a new position in Endeavour Silver in the second quarter worth approximately $9,452,000. National Bank of Canada FI raised its stake in Endeavour Silver by 5,735.0% in the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after buying an additional 431,274 shares in the last quarter. U S Global Investors Inc. bought a new position in Endeavour Silver in the third quarter worth approximately $1,382,000. Finally, Quest Partners LLC bought a new position in Endeavour Silver in the third quarter worth approximately $964,000. Institutional investors own 20.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXK. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. TD Securities began coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $7.25 price objective on shares of Endeavour Silver in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Up 4.1 %

EXK traded up $0.16 on Tuesday, hitting $4.03. The company had a trading volume of 6,427,277 shares, compared to its average volume of 5,535,841. The company has a market cap of $1.06 billion, a PE ratio of -29.73 and a beta of 1.62. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $4.58 and its 200 day simple moving average is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. Equities research analysts expect that Endeavour Silver will post -0.08 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.