84,500 Shares in Endeavour Silver Corporation $EXK Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 84,500 shares of the mining company’s stock, valued at approximately $808,000.

A number of other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after acquiring an additional 3,005,563 shares during the period. Vanguard Group Inc. increased its position in shares of Endeavour Silver by 83.5% during the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock worth $74,303,000 after acquiring an additional 3,594,123 shares during the period. BNP Paribas Financial Markets increased its position in shares of Endeavour Silver by 42.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock worth $28,574,000 after acquiring an additional 910,378 shares during the period. Condire Management LP increased its position in shares of Endeavour Silver by 200.0% during the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after acquiring an additional 2,000,000 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Endeavour Silver during the third quarter worth approximately $20,225,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Price Performance

Shares of EXK opened at $7.41 on Thursday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -92.58 and a beta of 1.28. Endeavour Silver Corporation has a twelve month low of $4.53 and a twelve month high of $15.15. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $9.53 and a two-hundred day moving average of $10.24.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. As a group, analysts predict that Endeavour Silver Corporation will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXK. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Endeavour Silver has a consensus rating of “Moderate Buy” and an average price target of $14.50.

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.