Tidal Investments LLC Acquires 3,869,920 Shares of Endeavour Silver Corp. (NYSE:EXK)

Tidal Investments LLC raised its stake in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,178,812 shares of the mining company's stock after purchasing an additional 3,869,920 shares during the period. Tidal Investments LLC owned 4.26% of Endeavour Silver worth $40,914,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EXK. Schroder Investment Management Group purchased a new stake in shares of Endeavour Silver during the 4th quarter valued at $36,000. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver during the fourth quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Endeavour Silver during the fourth quarter worth about $43,000. Farringdon Capital Ltd. purchased a new position in shares of Endeavour Silver in the 4th quarter worth about $55,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Endeavour Silver in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Price Performance

Shares of NYSE EXK traded up $0.07 during trading on Friday, hitting $3.59. The company had a trading volume of 10,148,232 shares, compared to its average volume of 7,820,084. The company has a market cap of $1.04 billion, a P/E ratio of -27.58 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The business's 50-day moving average is $3.78 and its 200 day moving average is $3.94. Endeavour Silver Corp. has a 52 week low of $2.46 and a 52 week high of $5.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. Equities research analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXK has been the subject of a number of research analyst reports. Raymond James assumed coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating for the company. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. HC Wainwright restated a "buy" rating and set a $7.25 target price on shares of Endeavour Silver in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Endeavour Silver to a "sell" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Endeavour Silver has an average rating of "Moderate Buy" and a consensus price target of $6.63.

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.