Endeavour Silver Corp. (NYSE:EXK) Holdings Boosted by Swiss National Bank

Swiss National Bank grew its holdings in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 485,900 shares of the mining company’s stock after purchasing an additional 9,800 shares during the period. Swiss National Bank owned approximately 0.19% of Endeavour Silver worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after buying an additional 51,901 shares during the period. Sprott Inc. raised its holdings in shares of Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock worth $5,809,000 after acquiring an additional 298,091 shares in the last quarter. Geode Capital Management LLC boosted its position in Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after purchasing an additional 10,543 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $119,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Endeavour Silver in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $4.33 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market cap of $1.13 billion, a PE ratio of -33.27 and a beta of 1.55. The firm has a fifty day moving average price of $4.08 and a two-hundred day moving average price of $4.15. Endeavour Silver Corp. has a fifty-two week low of $2.40 and a fifty-two week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its 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. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $69.90 million. Analysts expect that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.