Van ECK Associates Corp Has $165.76 Million Holdings in Endeavour Silver Corporation $EXK

Van ECK Associates Corp trimmed its position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 15.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,027,313 shares of the mining company’s stock after selling 3,524,683 shares during the quarter. Van ECK Associates Corp owned approximately 0.07% of Endeavour Silver worth $165,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EXK. International Assets Investment Management LLC purchased a new position in Endeavour Silver during the first quarter valued at approximately $1,774,000. Bank of America Corp DE lifted its holdings in Endeavour Silver by 85.4% during the first quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company’s stock worth $25,198,000 after buying an additional 1,246,554 shares during the period. PEAK6 LLC bought a new stake in Endeavour Silver during the 2nd quarter valued at $1,794,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Endeavour Silver in the 2nd quarter valued at $4,075,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Endeavour Silver by 18,554.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock valued at $17,715,000 after acquiring an additional 1,892,600 shares during the period. Institutional investors and hedge funds own 20.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EXK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. HC Wainwright reiterated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, July 9th. B. Riley Financial began coverage on shares of Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 target price for the company. Finally, Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $10.78 on Friday. The business’s fifty day simple moving average is $8.86 and its 200-day simple moving average is $9.66. The company has a market cap of $3.19 billion, a PE ratio of 51.33 and a beta of 1.35. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. Endeavour Silver Corporation has a 12-month low of $5.75 and a 12-month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The firm had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. Analysts expect that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

Endeavour Silver Company 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.