Raymond James Financial Inc. Purchases New Position in Endeavour Silver Corp. (NYSE:EXK)

Raymond James Financial Inc. purchased a new position in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 87,740 shares of the mining company's stock, valued at approximately $321,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at about $37,000. Schroder Investment Management Group purchased a new stake in shares of Endeavour Silver in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $73,000. CIBC Asset Management Inc purchased a new stake in shares of Endeavour Silver during the 4th quarter valued at approximately $119,000. Finally, Virtu Financial LLC lifted its holdings in Endeavour Silver by 143.7% in the fourth quarter. Virtu Financial LLC now owns 49,304 shares of the mining company's stock valued at $180,000 after acquiring an additional 29,074 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXK. 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 report on Wednesday, March 12th. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright reissued a "buy" rating and set a $7.25 target price on shares of Endeavour Silver in a research note on Wednesday. Finally, StockNews.com raised Endeavour Silver to a "sell" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Stock Up 2.0%

NYSE EXK traded up $0.07 on Thursday, hitting $3.29. 5,617,982 shares of the stock were exchanged, compared to its average volume of 7,692,309. Endeavour Silver Corp. has a fifty-two week low of $2.46 and a fifty-two week high of $5.67. The company has a 50-day moving average price of $3.91 and a 200-day moving average price of $4.01. 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 company has a market cap of $904.90 million, a PE ratio of -25.27 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) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Sell-side analysts anticipate that Endeavour Silver Corp. 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.