D.A. Davidson & CO. Takes $1.49 Million Position in Endeavour Silver Corporation (NYSE:EXK)

D.A. Davidson & CO. bought a new stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 348,894 shares of the mining company's stock, valued at approximately $1,490,000. D.A. Davidson & CO. owned approximately 0.13% of Endeavour Silver as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC raised its holdings in Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after buying an additional 3,869,920 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Endeavour Silver by 0.9% during the fourth 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. grew its position in Endeavour Silver by 122.1% during the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Endeavour Silver by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company's stock worth $21,748,000 after buying an additional 288,166 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock worth $9,728,000 after buying an additional 1,937,150 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Raymond James Financial began coverage on Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating on the stock. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, HC Wainwright upped their price objective on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $7.50.

Endeavour Silver Stock Up 7.0%

Shares of Endeavour Silver stock traded up $0.38 during trading hours on Friday, reaching $5.82. 15,342,325 shares of the company's stock were exchanged, compared to its average volume of 9,152,070. The company has a 50 day moving average of $4.26 and a two-hundred day moving average of $4.02. Endeavour Silver Corporation has a fifty-two week low of $2.46 and a fifty-two week high of $5.87. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.69 billion, a P/E ratio of -22.38 and a beta of 1.50.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. The firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. On average, sell-side analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

About Endeavour Silver

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.