Endeavour Silver Corp. (NYSE:EXK) Short Interest Down 6.8% in November

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 12,240,000 shares, a decline of 6.8% from the November 15th total of 13,140,000 shares. Approximately 5.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,910,000 shares, the days-to-cover ratio is presently 2.1 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EXK shares. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a research report on Monday, December 2nd. Finally, TD Securities began coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock traded up $0.16 during trading hours on Tuesday, reaching $4.03. The stock had a trading volume of 6,427,277 shares, compared to its average volume of 5,535,841. The stock’s 50 day moving average is $4.58 and its 200 day moving average is $4.01. The firm has a market capitalization of $1.06 billion, a PE ratio of -29.73 and a beta of 1.62. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67. 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 (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Equities analysts expect that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares during the period. Rathbones Group PLC raised its position in shares of Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Finally, Oxbow Advisors LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth about $51,000. 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.