Endeavour Silver Corp. (NYSE:EXK) Short Interest Update

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 7,630,000 shares, a decrease of 7.1% from the October 15th total of 8,210,000 shares. Based on an average daily trading volume, of 2,190,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com assumed coverage on Endeavour Silver in a report on Thursday, October 5th. They issued a “sell” rating on the stock. HC Wainwright cut their target price on Endeavour Silver from $7.75 to $7.25 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, TD Securities cut their target price on Endeavour Silver from C$5.50 to C$5.00 in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.79.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp acquired a new stake in shares of Endeavour Silver in the first quarter valued at about $733,000. Perritt Capital Management Inc. grew its stake in Endeavour Silver by 64.0% during the first quarter. Perritt Capital Management Inc. now owns 128,158 shares of the mining company’s stock worth $497,000 after purchasing an additional 50,000 shares during the period. Grey Street Capital LLC acquired a new stake in Endeavour Silver during the first quarter worth approximately $543,000. Mackenzie Financial Corp grew its stake in Endeavour Silver by 8.2% during the second quarter. Mackenzie Financial Corp now owns 88,249 shares of the mining company’s stock worth $256,000 after purchasing an additional 6,677 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Endeavour Silver during the first quarter worth approximately $747,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

Endeavour Silver Price Performance

EXK traded down $0.04 on Friday, reaching $2.13. The stock had a trading volume of 2,853,603 shares, compared to its average volume of 2,364,074. Endeavour Silver has a fifty-two week low of $1.83 and a fifty-two week high of $4.55. The firm has a 50-day moving average of $2.35 and a 200-day moving average of $2.88. The company has a current ratio of 2.37, a quick ratio of 1.87 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $439.91 million, a price-to-earnings ratio of 43.00 and a beta of 1.53.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, November 7th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Endeavour Silver had a return on equity of 3.78% and a net margin of 4.66%. The firm had revenue of $49.50 million during the quarter, compared to analyst estimates of $43.91 million. During the same period in the previous year, the company earned ($0.02) EPS. Endeavour Silver’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Endeavour Silver will post 0.01 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 Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.