Orion Resource Partners LP Makes New $300,000 Investment in Endeavour Silver Corp. (NYSE:EXK)

Orion Resource Partners LP bought a new position in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,756 shares of the mining company's stock, valued at approximately $300,000. Endeavour Silver accounts for 0.1% of Orion Resource Partners LP's holdings, making the stock its 12th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $36,000. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver during the 4th quarter valued at $37,000. Farringdon Capital Ltd. purchased a new position in Endeavour Silver during the fourth quarter worth $55,000. Oxford Asset Management LLP purchased a new position in Endeavour Silver during the fourth quarter worth $57,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Endeavour Silver in the fourth quarter worth $73,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Trading Down 2.9 %

Shares of NYSE:EXK traded down $0.11 during trading on Wednesday, reaching $3.55. 6,571,385 shares of the stock were exchanged, compared to its average volume of 7,539,173. Endeavour Silver Corp. has a 12-month low of $2.46 and a 12-month high of $5.67. The firm's 50-day moving average price is $3.96 and its 200 day moving average price is $4.08. 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 firm has a market cap of $975.62 million, a price-to-earnings ratio of -27.27 and a beta of 1.50.

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 (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, sell-side analysts anticipate that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on EXK shares. Raymond James began coverage on 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 report 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 reiterated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a report on Thursday, April 10th. Finally, StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.63.

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.