Endeavour Silver Corp. (NYSE:EXK) Short Interest Down 25.8% in April


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Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 3,760,000 shares, a decline of 25.8% from the March 31st total of 5,070,000 shares. Based on an average daily trading volume, of 4,730,000 shares, the short-interest ratio is presently 0.8 days. Currently, 2.3% of the company’s shares are short sold.

Several brokerages have recently commented on EXK. BMO Capital Markets upped their price target on Endeavour Silver from $6.00 to $6.25 and gave the company a “market perform” rating in a research note on Friday, April 9th. CIBC decreased their price target on Endeavour Silver from $7.75 to $7.25 and set a “neutral” rating on the stock in a research note on Monday, February 8th. HC Wainwright upped their price target on Endeavour Silver from $6.50 to $6.75 and gave the company a “buy” rating in a research note on Tuesday, April 13th. Stifel Nicolaus upped their price target on Endeavour Silver from $6.25 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, March 2nd. Finally, Pi Financial raised Endeavour Silver from a “neutral” rating to a “buy” rating in a research note on Thursday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.18.

Shares of EXK traded down $0.17 during mid-day trading on Tuesday, reaching $5.66. The company’s stock had a trading volume of 2,788,735 shares, compared to its average volume of 4,590,186. Endeavour Silver has a 12-month low of $1.35 and a 12-month high of $6.91. The stock has a market cap of $932.24 million, a PE ratio of -21.81 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.29. The company’s 50 day moving average is $5.47 and its 200 day moving average is $4.73.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Sunday, February 28th. The mining company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. The business had revenue of $60.70 million for the quarter, compared to the consensus estimate of $49.51 million. Endeavour Silver had a negative return on equity of 22.17% and a negative net margin of 32.64%. As a group, sell-side analysts anticipate that Endeavour Silver will post 0.05 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in Endeavour Silver by 14.1% during the 4th quarter. Van ECK Associates Corp now owns 9,518,092 shares of the mining company’s stock worth $47,971,000 after buying an additional 1,176,251 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in Endeavour Silver by 12.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 3,687,317 shares of the mining company’s stock worth $18,581,000 after buying an additional 402,030 shares during the last quarter. ETF Managers Group LLC grew its stake in Endeavour Silver by 28.5% during the 4th quarter. ETF Managers Group LLC now owns 3,222,417 shares of the mining company’s stock worth $16,305,000 after buying an additional 714,282 shares during the last quarter. Morgan Stanley grew its stake in Endeavour Silver by 161.3% during the 3rd quarter. Morgan Stanley now owns 1,221,499 shares of the mining company’s stock worth $4,287,000 after buying an additional 754,042 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. grew its stake in Endeavour Silver by 23.8% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 500,730 shares of the mining company’s stock worth $2,529,000 after buying an additional 96,320 shares during the last quarter. Hedge funds and other institutional investors own 17.37% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold and silver deposits, and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Compas mine in Zacatecas.

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