Van ECK Associates Corp Has $79.62 Million Stock Holdings in Endeavour Silver Corp. (NYSE:EXK)

Van ECK Associates Corp reduced its holdings in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,752,847 shares of the mining company's stock after selling 3,372,608 shares during the period. Van ECK Associates Corp owned about 8.29% of Endeavour Silver worth $79,615,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its position 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 acquiring an additional 8,389 shares during the period. U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver in the third quarter valued at about $1,382,000. Quest Partners LLC purchased a new position in Endeavour Silver during the third quarter worth about $964,000. Quantbot Technologies LP purchased a new position in shares of Endeavour Silver in the third quarter valued at approximately $100,000. Finally, Walleye Capital LLC acquired a new stake in Endeavour Silver in the third quarter valued at approximately $111,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Trading Down 3.5 %

Shares of NYSE:EXK traded down $0.15 during midday trading on Monday, reaching $4.05. The company had a trading volume of 12,719,617 shares, compared to its average volume of 8,737,711. Endeavour Silver Corp. has a 1-year low of $1.42 and a 1-year high of $5.67. The company has a fifty day simple moving average of $3.81 and a two-hundred day simple moving average of $3.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -31.12 and a beta of 1.63.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Wednesday, November 13th. TD Securities began coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set a "buy" rating for the company. Alliance Global Partners boosted their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. HC Wainwright cut their target price on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, StockNews.com raised Endeavour Silver to a "sell" rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Endeavour Silver has a consensus rating of "Moderate Buy" and an average price target of $6.56.

About Endeavour Silver

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.