Van ECK Associates Corp Trims Position in Endeavour Silver Corporation $EXK

Van ECK Associates Corp trimmed its position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 49.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,533,509 shares of the mining company’s stock after selling 9,292,904 shares during the period. Van ECK Associates Corp owned 3.24% of Endeavour Silver worth $74,741,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after acquiring an additional 4,056,768 shares in the last quarter. Alps Advisors Inc. increased its position in Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after purchasing an additional 2,374,365 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Endeavour Silver by 19.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock worth $38,852,000 after purchasing an additional 1,274,094 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in Endeavour Silver during the third quarter valued at $9,514,000. Finally, Fiscal Wisdom Wealth Management LLC bought a new position in Endeavour Silver during the third quarter valued at $6,800,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. National Bank Financial raised shares of Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $11.56 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 1.30. Endeavour Silver Corporation has a 1-year low of $2.95 and a 1-year high of $15.15. The firm has a market capitalization of $3.42 billion, a P/E ratio of -27.51 and a beta of 1.16. The company’s 50-day moving average is $11.81 and its 200 day moving average is $9.29.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $172.60 million for the quarter, compared to analysts’ expectations of $227.99 million. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. Research analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.