Endeavour Silver Corp. (NYSE:EXK) Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 126.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,467,240 shares of the mining company’s stock after acquiring an additional 13,657,121 shares during the period. Van ECK Associates Corp owned approximately 9.95% of Endeavour Silver worth $86,125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EXK. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Endeavour Silver by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,571 shares of the mining company’s stock worth $102,000 after purchasing an additional 8,441 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Endeavour Silver during the fourth quarter valued at about $60,000. Jupiter Asset Management Ltd. grew its holdings in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after acquiring an additional 4,046,065 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after acquiring an additional 188,787 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Endeavour Silver in the 4th quarter valued at about $30,000. 20.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EXK shares. BMO Capital Markets assumed coverage on shares of Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price for the company. CIBC lifted their target price on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. HC Wainwright cut their target price on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research report on Friday, August 2nd. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, May 10th. Finally, Alliance Global Partners lifted their price target on Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.13.

Endeavour Silver Stock Down 1.6 %

Shares of EXK traded down $0.05 during mid-day trading on Friday, reaching $3.06. The company’s stock had a trading volume of 3,290,376 shares, compared to its average volume of 5,416,800. The company has a market cap of $752.35 million, a price-to-earnings ratio of -153.00 and a beta of 1.69. The business has a fifty day moving average of $3.74 and a 200 day moving average of $3.09. The company has a quick ratio of 1.63, a current ratio of 2.02 and a debt-to-equity ratio of 0.01. Endeavour Silver Corp. has a 1 year low of $1.42 and a 1 year high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 6.53%. The business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $62.01 million. During the same period in the prior year, the company posted $0.01 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. As a group, analysts forecast that Endeavour Silver Corp. will post 0.04 earnings per share for the current fiscal year.

Endeavour Silver 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.