Van ECK Associates Corp Grows Position in Endeavour Silver Corp. (NYSE:EXK)

Van ECK Associates Corp raised its stake in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,125,455 shares of the mining company's stock after buying an additional 658,215 shares during the quarter. Van ECK Associates Corp owned about 10.22% of Endeavour Silver worth $98,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. grew its holdings in shares of Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company's stock valued at $187,000 after purchasing an additional 6,800 shares in the last quarter. SG Americas Securities LLC boosted its stake in Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company's stock worth $50,000 after buying an additional 7,852 shares during the period. Blue Trust Inc. boosted its stake in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock worth $57,000 after buying an additional 8,389 shares during the period. Rathbones Group PLC boosted its stake in Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company's stock worth $81,000 after buying an additional 8,500 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new position in Endeavour Silver during the second quarter worth $42,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Trading Down 2.1 %

Shares of EXK traded down $0.10 during trading hours on Monday, reaching $4.77. 5,953,100 shares of the company traded hands, compared to its average volume of 5,463,620. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -69.56 and a beta of 1.67. Endeavour Silver Corp. has a 12-month low of $1.42 and a 12-month high of $5.67. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The stock's fifty day moving average price is $4.04 and its 200 day moving average price is $3.75.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% 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 last year, the company earned $0.01 earnings per share. The firm's revenue was up 16.6% compared to the same quarter last year. Sell-side analysts forecast that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. HC Wainwright dropped their price objective on shares of Endeavour Silver from $6.25 to $6.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Alliance Global Partners lifted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, CIBC lifted their price objective on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Endeavour Silver currently has an average rating of "Moderate Buy" and a consensus target price of $6.31.

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.