Endeavour Silver Corporation $EXK Stake Lessened by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management reduced its stake in Endeavour Silver by 46.0% in Q4, selling 536,928 shares and retaining 630,009 shares (about 0.21% of the company, $5.92M), making EXK its 15th-largest holding at ~2.6% of Azarias' portfolio.
• Endeavour missed quarterly expectations—EPS $0.02 versus $0.03 expected and revenue $172.6M versus $228M consensus—and reported a negative net margin (-27.52%) and negative ROE, signaling continued profitability pressure.
• Analyst views are mixed but lean positive: MarketBeat shows a Moderate Buy consensus with a $14.50 average target, while individual ratings range from Strong Buy to Strong Sell.

Azarias Capital Management L.P. cut its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 46.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,009 shares of the mining company's stock after selling 536,928 shares during the period. Endeavour Silver makes up approximately 2.6% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 15th biggest position. Azarias Capital Management L.P. owned approximately 0.21% of Endeavour Silver worth $5,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EXK. Total Investment Management Inc. bought a new stake in shares of Endeavour Silver in the 2nd quarter worth approximately $41,000. Signaturefd LLC acquired a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $47,000. Andina Capital Management LLC acquired a new stake in shares of Endeavour Silver during the third quarter valued at approximately $89,000. Swiss Life Asset Management Ltd acquired a new stake in shares of Endeavour Silver during the third quarter valued at approximately $92,000. Finally, Greenberg Financial Group acquired a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $94,000. 20.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. HC Wainwright increased their target price on shares of Endeavour Silver from $14.50 to $17.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. B. Riley Financial increased their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. Zacks Research downgraded shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a research report on Monday, March 16th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

Endeavour Silver Trading Down 1.7%

Shares of EXK stock opened at $9.42 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.79 billion, a P/E ratio of -22.44 and a beta of 1.38. Endeavour Silver Corporation has a 12-month low of $3.14 and a 12-month high of $15.15. The firm has a 50-day moving average price of $10.86 and a 200 day moving average price of $9.77.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. Research analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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