Quest Partners LLC Purchases New Stake in Endeavour Silver Corp. (NYSE:EXK)

Quest Partners LLC purchased a new position in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 244,567 shares of the mining company's stock, valued at approximately $964,000. Quest Partners LLC owned approximately 0.10% of Endeavour Silver at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company's stock worth $98,994,000 after buying an additional 658,215 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver during the third quarter worth about $1,382,000. Blue Trust Inc. grew its holdings in shares of 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 in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Endeavour Silver by 53.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company's stock worth $416,000 after buying an additional 41,300 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Endeavour Silver during the second quarter worth about $314,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Price Performance

EXK opened at $4.50 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver Corp. has a 52-week low of $1.42 and a 52-week high of $5.67. The company has a 50 day moving average of $4.44 and a two-hundred day moving average of $3.92. The company has a market cap of $1.11 billion, a P/E ratio of -34.62 and a beta of 1.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. Endeavour Silver's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

EXK has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a report on Wednesday, November 6th. Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a report on Tuesday, October 22nd. HC Wainwright boosted their target price on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

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.