Raymond James Financial Inc. Makes New $321,000 Investment in Endeavour Silver Corp. (NYSE:EXK)

Raymond James Financial Inc. acquired a new stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 87,740 shares of the mining company’s stock, valued at approximately $321,000.

Several other hedge funds have also recently modified their holdings of the company. Alpha Cubed Investments LLC purchased a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $37,000. Schroder Investment Management Group bought a new position in Endeavour Silver in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. purchased a new stake in shares of Endeavour Silver during the 4th quarter valued at $73,000. CIBC Asset Management Inc purchased a new position in shares of Endeavour Silver in the 4th quarter worth about $119,000. Finally, Virtu Financial LLC grew its position in Endeavour Silver by 143.7% during the fourth quarter. Virtu Financial LLC now owns 49,304 shares of the mining company’s stock valued at $180,000 after buying an additional 29,074 shares during the period. Institutional investors own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James assumed coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating on the stock. HC Wainwright reissued a “buy” rating and set a $7.25 price objective on shares of Endeavour Silver in a report on Thursday, April 10th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Up 6.3 %

Endeavour Silver stock opened at $3.57 on Friday. The firm has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $4.04. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Endeavour Silver Corp. has a 1-year low of $2.46 and a 1-year high of $5.67. The firm has a market capitalization of $982.50 million, a price-to-earnings ratio of -27.46 and a beta of 1.50.

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 for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to analysts’ expectations 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 predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Endeavour Silver Company Profile

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.