Olympiad Research LP Makes New $395,000 Investment in Endeavour Silver Corporation $EXK

Olympiad Research LP acquired a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,446 shares of the mining company’s stock, valued at approximately $395,000.

Other large investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in Endeavour Silver in the second quarter valued at $613,000. Abbington Investment Group bought a new stake in shares of Endeavour Silver during the 3rd quarter valued at about $2,944,000. Azarias Capital Management L.P. bought a new stake in Endeavour Silver in the second quarter worth approximately $5,606,000. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Endeavour Silver by 583.3% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after buying an additional 140,870 shares during the period. Finally, Intact Investment Management Inc. boosted its holdings in shares of Endeavour Silver by 202.0% during the 2nd quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after buying an additional 415,200 shares in the last quarter. 20.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXK has been the subject of several research analyst reports. CIBC upgraded shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective for the company in a research note on Monday, November 3rd. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $13.88.

Endeavour Silver Stock Performance

Shares of EXK opened at $12.25 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month high of $12.60. The company has a market cap of $3.62 billion, a PE ratio of -36.01 and a beta of 1.23. The stock has a 50-day moving average price of $9.44 and a 200-day moving average price of $7.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). The company had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. As a group, equities analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal 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.