Vestcor Inc Takes $549,000 Position in Endeavour Silver Corp. (NYSE:EXK)

Vestcor Inc acquired a new stake in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 150,000 shares of the mining company's stock, valued at approximately $549,000. Vestcor Inc owned 0.06% of Endeavour Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in EXK. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Endeavour Silver by 122.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock valued at $23,858,000 after purchasing an additional 3,581,936 shares during the period. Sprott Inc. boosted its stake in shares of Endeavour Silver by 23.1% in the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock valued at $5,809,000 after purchasing an additional 298,091 shares during the period. Quest Partners LLC purchased a new position in Endeavour Silver in the third quarter worth approximately $964,000. Jupiter Asset Management Ltd. lifted its stake in Endeavour Silver by 0.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock worth $39,545,000 after acquiring an additional 99,900 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Endeavour Silver in the fourth quarter worth approximately $321,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Finally, HC Wainwright lifted their price target on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $6.63.

Endeavour Silver Stock Down 1.5 %

EXK stock traded down $0.08 during midday trading on Thursday, reaching $4.85. 8,774,429 shares of the company were exchanged, compared to its average volume of 6,737,599. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver Corp. has a 1-year low of $2.02 and a 1-year high of $5.67. The stock's 50-day simple moving average is $3.93 and its 200 day simple moving average is $4.08. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -37.27 and a beta of 1.55.

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. The business had revenue of $42.20 million for the quarter, compared to analysts' expectations of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, equities analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Endeavour Silver Company 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.