Walleye Capital LLC Acquires New Position in Endeavour Silver Corp. (NYSE:EXK)

Walleye Capital LLC acquired a new stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,128 shares of the mining company’s stock, valued at approximately $111,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXK. Van ECK Associates Corp increased its holdings in Endeavour Silver by 126.3% in the second quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock valued at $86,125,000 after buying an additional 13,657,121 shares during the last quarter. TD Asset Management Inc bought a new position in shares of Endeavour Silver during the second quarter valued at approximately $9,452,000. National Bank of Canada FI grew its holdings in shares of Endeavour Silver by 5,735.0% during the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of Endeavour Silver during the third quarter valued at approximately $1,382,000. Finally, Quest Partners LLC bought a new position in shares of Endeavour Silver during the third quarter valued at approximately $964,000. 20.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Alliance Global Partners upped their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a report on Monday, December 2nd. TD Securities assumed coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating for the company. StockNews.com raised Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. Finally, Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $4.10 on Friday. Endeavour Silver Corp. has a 12-month low of $1.42 and a 12-month high of $5.67. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -31.54 and a beta of 1.62. The business has a 50 day simple moving average of $4.59 and a 200 day simple moving average of $4.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) EPS. On average, equities research analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Endeavour Silver 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.