Vestcor Inc Makes New Investment in Endeavour Silver Corp. (NYSE:EXK)

Vestcor Inc purchased a new position in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 150,000 shares of the mining company’s stock, valued at approximately $549,000. Vestcor Inc owned 0.06% of Endeavour Silver as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. raised its stake in shares of Endeavour Silver by 0.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock worth $39,545,000 after buying an additional 99,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after buying an additional 3,581,936 shares in the last quarter. Sprott Inc. raised its stake in shares of Endeavour Silver by 23.1% in the 4th quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock worth $5,809,000 after buying an additional 298,091 shares in the last quarter. Swiss National Bank raised its stake in shares of Endeavour Silver by 2.1% in the 4th quarter. Swiss National Bank now owns 485,900 shares of the mining company’s stock worth $1,781,000 after buying an additional 9,800 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after buying an additional 15,075 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Up 0.3 %

Shares of Endeavour Silver stock opened at $4.72 on Monday. The stock has a 50-day moving average price of $3.87 and a 200 day moving average price of $4.05. The company has a market cap of $1.24 billion, a P/E ratio of -36.27 and a beta of 1.55. 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 $2.02 and a 1 year high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. As a group, analysts expect that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on EXK shares. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Wednesday. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright boosted their target price on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a research report 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, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.