Caprock Group LLC Takes Position in Endeavour Silver Corporation $EXK

Caprock Group LLC bought a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 140,000 shares of the mining company’s stock, valued at approximately $1,098,000.

Several other large investors have also recently bought and sold shares of EXK. B. Riley Wealth Advisors Inc. acquired a new position in Endeavour Silver in the 2nd quarter valued at approximately $613,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Endeavour Silver during the 3rd quarter valued at $3,052,000. Abbington Investment Group purchased a new position in shares of Endeavour Silver during the 3rd quarter valued at $2,944,000. Alps Advisors Inc. increased its stake in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after acquiring an additional 2,374,365 shares during the last quarter. Finally, Intact Investment Management Inc. raised its holdings in shares of Endeavour Silver by 202.0% during the second quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after acquiring an additional 415,200 shares in the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on EXK. B. Riley Financial boosted their target price on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, January 14th. 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 research note on Tuesday, December 9th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.88.

Endeavour Silver Trading Up 6.9%

NYSE:EXK opened at $11.75 on Monday. The company’s 50 day moving average is $10.82 and its 200-day moving average is $8.46. The company has a quick ratio of 0.57, a current ratio of 0.79 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 $15.15. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -34.57 and a beta of 1.23.

Endeavour Silver 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.