Invesco Ltd. Raises Position in Endeavour Silver Corp. (NYSE:EXK)

Invesco Ltd. lifted its stake in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 529.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,116,652 shares of the mining company's stock after purchasing an additional 1,780,405 shares during the quarter. Invesco Ltd. owned about 0.81% of Endeavour Silver worth $7,747,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EXK. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver during the fourth quarter worth about $36,000. Alpha Cubed Investments LLC acquired a new position in Endeavour Silver during the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Endeavour Silver during the 4th quarter worth approximately $73,000. Virtu Financial LLC acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at approximately $80,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Trading Down 0.5 %

Shares of EXK stock traded down $0.02 on Wednesday, reaching $3.64. 11,050,428 shares of the stock were exchanged, compared to its average volume of 7,404,762. Endeavour Silver Corp. has a 1-year low of $2.46 and a 1-year high of $5.67. The stock has a market cap of $1.00 billion, a P/E ratio of -28.00 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $3.98 and a two-hundred day moving average of $4.11.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on EXK. Raymond James initiated coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating on the stock. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com raised Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $7.25 price objective on shares of Endeavour Silver in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.