Swiss National Bank Acquires 9,800 Shares of Endeavour Silver Corp. (NYSE:EXK)

Swiss National Bank raised its stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 485,900 shares of the mining company’s stock after acquiring an additional 9,800 shares during the quarter. Swiss National Bank’s holdings in Endeavour Silver were worth $1,781,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXK. Alpha Cubed Investments LLC bought a new stake in Endeavour Silver during the 4th quarter worth approximately $37,000. Geode Capital Management LLC grew its holdings in shares of Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Endeavour Silver by 3.4% during the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after purchasing an additional 15,075 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 16.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after buying an additional 19,200 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Endeavour Silver in the fourth quarter valued at about $73,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Endeavour Silver Stock Down 5.2 %

Shares of NYSE EXK opened at $4.33 on Friday. The firm has a 50 day moving average price of $4.08 and a 200 day moving average price of $4.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock has a market cap of $1.13 billion, a P/E 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.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Analysts expect that Endeavour Silver Corp. will post -0.07 EPS for the current year.

About Endeavour Silver

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.