Traders Buy High Volume of Endeavour Silver Call Options (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of unusually large options trading on Wednesday. Investors purchased 10,463 call options on the stock. This represents an increase of 318% compared to the typical volume of 2,505 call options.

Endeavour Silver Stock Up 2.7 %

Endeavour Silver stock opened at $4.64 on Thursday. The stock has a market capitalization of $1.22 billion, a PE ratio of -35.70 and a beta of 1.55. Endeavour Silver has a 12 month low of $2.02 and a 12 month high of $5.67. The business has a 50 day simple moving average of $3.84 and a 200-day simple moving average of $4.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

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

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC boosted its stake in shares of Endeavour Silver by 1.0% in the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company’s stock worth $1,034,000 after acquiring an additional 2,661 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock worth $860,000 after acquiring an additional 6,441 shares during the last quarter. Cantor Fitzgerald L. P. boosted its stake in shares of Endeavour Silver by 33.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company’s stock worth $111,000 after acquiring an additional 7,500 shares during the last quarter. Swiss National Bank boosted its stake in shares of Endeavour Silver by 2.1% in the fourth quarter. Swiss National Bank now owns 485,900 shares of the mining company’s stock worth $1,781,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of Endeavour Silver in the fourth quarter worth approximately $37,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Finally, HC Wainwright lifted their price target on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.