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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of unusually large options trading activity on Thursday. Stock investors acquired 4,122 call options on the company. This represents an increase of 50% compared to the average daily volume of 2,745 call options.

Endeavour Silver Stock Performance

Endeavour Silver stock traded down $0.91 on Thursday, hitting $3.60. The company’s stock had a trading volume of 9,752,773 shares, compared to its average volume of 5,444,220. The firm has a market cap of $885.12 million, a P/E ratio of -185.00 and a beta of 1.69. The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $4.02 and a 200-day moving average price of $2.87. Endeavour Silver has a one year low of $1.42 and a one year high of $5.02.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. HC Wainwright boosted their price objective on shares of Endeavour Silver from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Alliance Global Partners upped their target price on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. CIBC upped their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, BMO Capital Markets started coverage on shares of Endeavour Silver in a research note on Monday, June 17th. They set an “outperform” rating and a $6.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.95.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after purchasing an additional 13,657,121 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Endeavour Silver by 60.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after purchasing an additional 4,046,065 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Endeavour Silver in the 1st quarter worth about $19,008,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Endeavour Silver by 3.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after purchasing an additional 188,787 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Endeavour Silver by 158.3% in the 1st quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock worth $355,000 after purchasing an additional 90,259 shares during the last quarter. Institutional investors 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.