HighTower Advisors LLC Acquires 34,700 Shares of Endeavour Silver Corp. (NYSE:EXK)

HighTower Advisors LLC grew its stake in Endeavour Silver Corp. (NYSE:EXK – Free Report) (TSE:EDR) by 28.3% during the 4th quarter, HoldingsChannel reports. The firm owned 157,201 shares of the mining company’s stock after acquiring an additional 34,700 shares during the quarter. HighTower Advisors LLC’s holdings in Endeavour Silver were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EXK. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver in the 4th quarter valued at $37,000. SBI Securities Co. Ltd. bought a new position in shares of Endeavour Silver during the fourth quarter valued at $73,000. Virtu Financial LLC acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at $80,000. Quantbot Technologies LP bought a new stake in shares of Endeavour Silver in the 3rd quarter worth about $100,000. Finally, Walleye Capital LLC bought a new stake in shares of Endeavour Silver in the 3rd quarter worth about $111,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EXK shares. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. HC Wainwright lifted their target price on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James assumed coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating for the company. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.63.

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Endeavour Silver Stock Down 5.2 %

NYSE:EXK opened at $4.33 on Friday. The stock’s fifty day moving average price is $4.08 and its two-hundred day moving average price is $4.16. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -33.27 and a beta of 1.55. Endeavour Silver Corp. has a 52-week low of $2.40 and a 52-week high of $5.67. 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 (NYSE:EXK – Get Free Report) (TSE:EDR) last issued its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Endeavour Silver Profile

(Free Report)

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.