Van ECK Associates Corp Has $79.62 Million Stake in Endeavour Silver Corp. (NYSE:EXK)

Van ECK Associates Corp decreased its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,752,847 shares of the mining company’s stock after selling 3,372,608 shares during the quarter. Van ECK Associates Corp owned about 8.29% of Endeavour Silver worth $79,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Alpha Cubed Investments LLC acquired a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $37,000. Blue Trust Inc. grew its position in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Virtu Financial LLC acquired a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $80,000. Quantbot Technologies LP acquired a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $100,000. Finally, Walleye Capital LLC acquired a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $111,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $4.20 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $3.93. Endeavour Silver Corp. has a 1-year low of $1.42 and a 1-year high of $5.67. The stock has a market cap of $1.10 billion, a PE ratio of -32.27 and a beta of 1.63.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright cut their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. TD Securities began coverage on Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Wednesday. Finally, Alliance Global Partners increased their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

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.