Endeavour Silver Corp. (NYSE:EXK) Short Interest Down 13.8% in March

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 12,390,000 shares, a decrease of 13.8% from the February 28th total of 14,370,000 shares. Based on an average trading volume of 9,160,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 4.7% of the company’s stock are short sold.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock traded down $0.18 during trading hours on Thursday, reaching $3.58. 12,590,402 shares of the stock traded hands, compared to its average volume of 6,975,938. Endeavour Silver has a one year low of $2.42 and a one year high of $5.67. The firm has a market capitalization of $937.81 million, a price-to-earnings ratio of -27.50 and a beta of 1.55. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $4.10 and a 200 day moving average price of $4.17.

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

Hedge Funds Weigh In On Endeavour Silver

Institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after buying an additional 51,901 shares during the period. HighTower Advisors LLC increased its stake in shares of Endeavour Silver by 28.3% in the fourth quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock worth $575,000 after purchasing an additional 34,700 shares in the last quarter. Sprott Inc. raised its position in shares of 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. Geode Capital Management LLC lifted its stake 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 valued at $460,000 after buying an additional 10,543 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in Endeavour Silver in the 4th quarter worth $119,000. 20.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Raymond James began coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating for the company. HC Wainwright lifted their price objective on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Finally, TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Company Profile

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.