Raymond James Financial Inc. Acquires New Position in Endeavour Silver Corp. (NYSE:EXK)

Raymond James Financial Inc. acquired a new stake in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 87,740 shares of the mining company's stock, valued at approximately $321,000.

A number of other hedge funds have also made changes to their positions in EXK. SBI Securities Co. Ltd. purchased a new position in Endeavour Silver during the 4th quarter worth $73,000. U S Global Investors Inc. boosted its stake in shares of Endeavour Silver by 21.4% during the fourth quarter. U S Global Investors Inc. now owns 425,000 shares of the mining company's stock worth $1,557,000 after buying an additional 75,000 shares during the period. Sprott Inc. grew its holdings in shares of Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock worth $5,809,000 after buying an additional 298,091 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Endeavour Silver in the 4th quarter valued at about $203,000. Finally, CIBC Asset Management Inc acquired a new position in Endeavour Silver in the 4th quarter valued at about $119,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. HC Wainwright reissued a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a report on Thursday, April 10th. StockNews.com raised Endeavour Silver to a "sell" rating in a report on Friday, February 28th. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, Raymond James initiated coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $6.63.

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Endeavour Silver Price Performance

Shares of EXK stock traded down $0.04 during trading hours on Tuesday, hitting $4.06. The company's stock had a trading volume of 2,443,417 shares, compared to its average volume of 7,119,815. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Endeavour Silver Corp. has a twelve month low of $2.42 and a twelve month high of $5.67. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -31.12 and a beta of 1.47. The business has a fifty day moving average of $4.05 and a 200-day moving average of $4.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $42.20 million for the quarter, compared to analysts' expectations of $69.90 million. As a group, equities research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current 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.