By otakuyassine3@gmail.com 
Endeavour Silver Corp. (NYSE:EXK – Get Free Report) (TSE:EDR) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 11,360,000 shares, a decline of 7.2% from the November 30th total of 12,240,000 shares. Based on an average daily volume of 6,060,000 shares, the short-interest ratio is currently 1.9 days. Currently, 4.6% of the shares of the stock are short sold.
Endeavour Silver Trading Down 2.7 %
NYSE EXK traded down $0.10 on Monday, hitting $3.59. The company’s stock had a trading volume of 6,137,066 shares, compared to its average volume of 5,575,524. 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 52-week low of $1.42 and a 52-week high of $5.67. The firm has a market cap of $941.73 million, a P/E ratio of -27.62 and a beta of 1.62. The company’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $4.01.
Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Endeavour Silver will post -0.08 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have weighed in on EXK shares. Alliance Global Partners raised their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, December 18th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.63.
View Our Latest Report on Endeavour Silver
Hedge Funds Weigh In On Endeavour Silver
A number of institutional investors have recently bought and sold shares of EXK. Ameritas Advisory Services LLC purchased a new position in Endeavour Silver during the second quarter valued at $83,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Endeavour Silver by 44,584.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,897 shares of the mining company’s stock worth $151,000 after acquiring an additional 42,801 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Endeavour Silver in the second quarter worth about $87,000. TD Asset Management Inc bought a new position in shares of Endeavour Silver during the second quarter valued at approximately $9,452,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Endeavour Silver during the second quarter valued at approximately $42,000. 20.06% of the stock is owned by institutional investors.
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.
Further Reading
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