Endeavour Silver Corporation $EXK Shares Acquired by Alps Advisors Inc.

Alps Advisors Inc. boosted its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 113.9% in the third quarter, HoldingsChannel.com reports. The firm owned 4,459,831 shares of the mining company’s stock after acquiring an additional 2,374,365 shares during the period. Alps Advisors Inc.’s holdings in Endeavour Silver were worth $34,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new stake in Endeavour Silver in the second quarter worth $613,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Endeavour Silver in the 3rd quarter worth about $3,052,000. Abbington Investment Group bought a new stake in Endeavour Silver in the 3rd quarter valued at about $2,944,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Endeavour Silver by 583.3% during the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after purchasing an additional 140,870 shares during the period. Finally, Intact Investment Management Inc. grew its position in Endeavour Silver by 202.0% in the 2nd quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after purchasing an additional 415,200 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $11.37 on Friday. The firm has a market capitalization of $3.36 billion, a P/E ratio of -33.44 and a beta of 1.23. The stock has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $8.22. Endeavour Silver Corporation has a 52-week low of $2.95 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXK. iA Financial set a $11.00 price target on Endeavour Silver in a report on Friday, January 9th. HC Wainwright restated a “buy” rating and issued a $14.50 target price (up from $11.00) on shares of Endeavour Silver in a research report on Friday, January 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Monday, January 19th. B. Riley Financial increased their price target on Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, January 14th. Four 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 data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $13.88.

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.