Endeavour Silver Sees Unusually High Options Volume (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR was the recipient of some unusual options trading on Wednesday. Investors acquired 6,980 call options on the stock. This represents an increase of 108% compared to the average volume of 3,363 call options.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently bought and sold shares of EXK. Tidal Investments LLC boosted its stake 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 valued at $40,914,000 after purchasing an additional 3,869,920 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in 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 valued at $39,545,000 after buying an additional 99,900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Endeavour Silver by 11.5% during 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 buying an additional 680,802 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock valued at $23,858,000 after buying an additional 3,581,936 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Endeavour Silver by 12.1% during the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock valued at $15,865,000 after buying an additional 401,394 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Price Performance

Shares of NYSE:EXK traded down $0.05 during trading on Friday, reaching $4.50. The company had a trading volume of 23,452,615 shares, compared to its average volume of 8,342,777. The company has a fifty day moving average of $3.64 and a two-hundred day moving average of $3.88. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.30 billion, a P/E ratio of -34.62 and a beta of 1.42. Endeavour Silver has a 12 month low of $2.46 and a 12 month high of $5.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results 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 during the quarter, compared to the consensus estimate of $83.10 million. Equities research analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

EXK has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Endeavour Silver to a "sell" rating in a research report on Wednesday, May 14th. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. HC Wainwright restated a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, May 14th. Raymond James initiated coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating on the stock. Finally, Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $6.63.

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.