Endeavour Silver Corp. (NYSE:EXK – Get Free Report) (TSE:EDR) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 14,890,000 shares, a drop of 5.8% from the June 30th total of 15,810,000 shares. Approximately 6.2% of the company’s stock are short sold. Based on an average daily trading volume, of 5,800,000 shares, the short-interest ratio is currently 2.6 days.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Alliance Global Partners lifted their price objective on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research report on Wednesday, July 10th. HC Wainwright lifted their price target on Endeavour Silver from $6.25 to $6.50 and gave the company a “buy” rating in a report on Thursday, July 25th. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. BMO Capital Markets started coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 price objective on the stock. Finally, CIBC boosted their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.95.
Get Our Latest Stock Report on EXK
Hedge Funds Weigh In On Endeavour Silver
Endeavour Silver Stock Up 1.2 %
Shares of EXK stock opened at $4.39 on Wednesday. The stock’s 50 day simple moving average is $4.00 and its 200 day simple moving average is $2.86. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.63.
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.
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