Investors Purchase High Volume of Call Options on Endeavour Silver (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR saw unusually large options trading activity on Wednesday. Stock traders purchased 6,980 call options on the company. This represents an increase of 108% compared to the average volume of 3,363 call options.

Endeavour Silver Stock Performance

Shares of NYSE:EXK traded up $0.33 during midday trading on Thursday, hitting $4.56. The stock had a trading volume of 34,761,055 shares, compared to its average volume of 8,265,632. The company has a market capitalization of $1.32 billion, a PE ratio of -35.04 and a beta of 1.50. The stock has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $3.89. 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.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $83.10 million. As a group, equities analysts predict that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EXK shares. Raymond James started coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating on the stock. Wall Street Zen raised shares of Endeavour Silver to a "sell" rating in a research report on Wednesday, May 14th. HC Wainwright reaffirmed a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, May 14th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has assigned 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, the company currently has an average rating of "Moderate Buy" and an average target price of $6.63.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently made changes to their positions in EXK. Schroder Investment Management Group acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $43,000. Farringdon Capital Ltd. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $55,000. Hohimer Wealth Management LLC lifted its stake in shares of Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 20.06% of the company's stock.

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.