Trek Financial LLC Makes New Investment in Endeavour Silver Corporation $EXK

Trek Financial LLC acquired a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 480,853 shares of the mining company’s stock, valued at approximately $4,520,000.

Other large investors also recently bought and sold shares of the company. Montrusco Bolton Investments Inc. purchased a new position in Endeavour Silver during the 3rd quarter worth $9,514,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Endeavour Silver during the 3rd quarter worth $3,052,000. Alps Advisors Inc. grew its stake in shares of Endeavour Silver by 113.9% during the 3rd 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 period. Caprock Group LLC acquired a new position in shares of Endeavour Silver during the 3rd quarter worth $1,098,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Endeavour Silver during the 3rd quarter worth $14,146,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analyst Ratings Changes

EXK has been the topic of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, May 7th. Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley Financial upped their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Finally, Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Price Performance

Shares of NYSE EXK opened at $11.31 on Tuesday. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of -141.34 and a beta of 1.26. Endeavour Silver Corporation has a 52 week low of $3.14 and a 52 week high of $15.15. The company’s 50-day moving average price is $9.97 and its 200 day moving average price is $9.99. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $200.41 million. As a group, research analysts forecast that Endeavour Silver Corporation will post 0.51 earnings per share for the current fiscal year.

About Endeavour Silver

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.