Alps Advisors Inc. Has $38.98 Million Stake in Endeavour Silver Corporation $EXK

Alps Advisors Inc. trimmed its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,146,836 shares of the mining company’s stock after selling 312,995 shares during the period. Alps Advisors Inc.’s holdings in Endeavour Silver were worth $38,980,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $47,000. Swiss Life Asset Management Ltd acquired a new stake in shares of Endeavour Silver in the third quarter valued at approximately $92,000. Greenberg Financial Group acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $94,000. Franklin Resources Inc. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $100,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Endeavour Silver in the first quarter valued at approximately $100,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Endeavour Silver Price Performance

Shares of NYSE EXK opened at $8.08 on Friday. The firm has a market cap of $2.39 billion, a P/E ratio of -101.02 and a beta of 1.28. 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 Corporation has a 1-year low of $4.53 and a 1-year high of $15.15. The business’s 50 day moving average is $9.51 and its 200-day moving average is $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, topping analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Equities research analysts predict that Endeavour Silver Corporation will post 0.63 earnings per share for the current 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.