B. Riley Wealth Advisors Inc. Buys 19,200 Shares of Endeavour Silver Corp. (NYSE:EXK)

B. Riley Wealth Advisors Inc. grew its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 16.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 137,300 shares of the mining company’s stock after acquiring an additional 19,200 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Endeavour Silver were worth $556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXK. Ameritas Advisory Services LLC acquired a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $83,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Endeavour Silver by 44,584.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,897 shares of the mining company’s stock worth $151,000 after purchasing an additional 42,801 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Endeavour Silver in the second quarter worth $87,000. Van ECK Associates Corp boosted its position in shares of Endeavour Silver by 126.3% during the second quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after purchasing an additional 13,657,121 shares in the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $9,452,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Down 1.4 %

NYSE:EXK opened at $3.65 on Friday. The company has a market cap of $957.47 million, a PE ratio of -28.08 and a beta of 1.62. The stock has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $4.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver Corp. has a 52-week low of $1.42 and a 52-week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. On average, sell-side analysts expect that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EXK shares. Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. HC Wainwright reiterated a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research report on Wednesday. TD Securities began coverage on Endeavour Silver in a research note on Friday, November 29th. They set a “buy” rating for the company. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.