1,139,331 Shares in Endeavour Silver Corporation $EXK Acquired by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management L.P. acquired 1,139,331 shares of Endeavour Silver Corporation valued at approximately $5.6 million, representing about 2.5% of their portfolio.
• Recent analyst commentary includes HC Wainwright raising their price target on Endeavour Silver from $7.25 to $8.75, with a "buy" rating, while Zacks Research lowered their rating to "strong sell."
• Endeavour Silver reported a quarterly loss of ($0.03) EPS, missing estimates, but achieved revenue of $85.3 million against an estimate of $81.48 million.

Azarias Capital Management L.P. acquired a new position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,139,331 shares of the mining company's stock, valued at approximately $5,606,000. Endeavour Silver comprises about 2.5% of Azarias Capital Management L.P.'s portfolio, making the stock its 15th biggest holding. Azarias Capital Management L.P. owned about 0.39% of Endeavour Silver as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Endeavour Silver by 239.2% in the fourth quarter. Bank of America Corp DE now owns 256,399 shares of the mining company's stock worth $938,000 after purchasing an additional 180,800 shares during the period. Invesco Ltd. raised its stake in Endeavour Silver by 56.0% during the 1st quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock worth $14,098,000 after buying an additional 1,185,100 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Endeavour Silver by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock worth $361,000 after buying an additional 12,660 shares during the period. Goldman Sachs Group Inc. raised its stake in Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company's stock worth $5,590,000 after buying an additional 747,556 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Endeavour Silver by 12.9% during the first quarter. American Century Companies Inc. now owns 2,999,992 shares of the mining company's stock worth $12,810,000 after purchasing an additional 342,419 shares during the period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. HC Wainwright raised their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research lowered shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Endeavour Silver presently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

Endeavour Silver Price Performance

Shares of EXK opened at $7.70 on Friday. Endeavour Silver Corporation has a 1-year low of $2.95 and a 1-year high of $8.36. The company's fifty day simple moving average is $6.18 and its 200 day simple moving average is $4.94. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -28.50 and a beta of 1.29.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The firm had revenue of $85.30 million during the quarter, compared to analyst estimates of $81.48 million. On average, research analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding EXK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.