Stock Traders Buy High Volume of Call Options on Endeavour Silver (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 4,878 call options on the stock. This represents an increase of approximately 56% compared to the average volume of 3,128 call options.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently bought and sold shares of EXK. Renaissance Technologies LLC boosted its holdings in shares of Endeavour Silver by 82.4% in the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company’s stock worth $677,000 after buying an additional 83,600 shares during the period. Barclays PLC grew its position in Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after purchasing an additional 51,901 shares in the last quarter. HighTower Advisors LLC raised its stake in Endeavour Silver by 28.3% during the 4th quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock valued at $575,000 after purchasing an additional 34,700 shares during the period. Sprott Inc. raised its stake in Endeavour Silver by 23.1% during the 4th quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after purchasing an additional 298,091 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after purchasing an additional 1,937,150 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

EXK opened at $3.57 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market capitalization of $982.50 million, a price-to-earnings ratio of -27.46 and a beta of 1.50. The business has a 50 day moving average price of $3.95 and a two-hundred day moving average price of $4.05. Endeavour Silver has a 1-year low of $2.46 and a 1-year high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $42.20 million during the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Research analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EXK has been the subject of a number of research reports. Raymond James initiated coverage on Endeavour Silver in a research note on Friday, March 21st. They issued an “outperform” rating for the company. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Thursday, April 10th. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. Finally, StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.63.

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.