Endeavour Silver Corp. (NYSE:EXK) Short Interest Up 8.1% in September

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 13,620,000 shares, an increase of 8.1% from the August 31st total of 12,600,000 shares. Approximately 5.6% of the company’s shares are sold short. Based on an average daily volume of 5,130,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently bought and sold shares of the business. MCIA Inc acquired a new stake in Endeavour Silver in the 1st quarter worth approximately $34,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Endeavour Silver during the 2nd quarter worth $42,000. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth $42,000. SG Americas Securities LLC grew its stake in Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the last quarter. Finally, Oxbow Advisors LLC bought a new position in Endeavour Silver in the 2nd quarter worth $51,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Stock Up 2.5 %

EXK opened at $4.04 on Wednesday. The company has a market capitalization of $993.30 million, a PE ratio of -200.50 and a beta of 1.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.02. The business has a 50-day moving average of $3.46 and a 200-day moving average of $3.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. Endeavour Silver’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS. Equities research analysts forecast that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXK. BMO Capital Markets started coverage on Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 price target on the stock. Alliance Global Partners upped their target price on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a report on Wednesday, July 10th. HC Wainwright reduced their price target on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, CIBC boosted their price objective on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.13.

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.