Sprott Inc. Boosts Stock Holdings in Endeavour Silver Corp. (NYSE:EXK)

Sprott Inc. raised its stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,586,302 shares of the mining company’s stock after acquiring an additional 298,091 shares during the period. Sprott Inc. owned approximately 0.60% of Endeavour Silver worth $5,809,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after purchasing an additional 658,215 shares during the last quarter. National Bank of Canada FI grew its holdings in Endeavour Silver by 3.4% during the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after buying an additional 15,075 shares in the last quarter. Quest Partners LLC bought a new stake in Endeavour Silver in the 3rd quarter worth approximately $964,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Endeavour Silver by 16.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after acquiring an additional 19,200 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Endeavour Silver by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after acquiring an additional 10,543 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXK shares. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, February 12th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. TD Securities started coverage on Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. Finally, HC Wainwright decreased their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $3.68 on Wednesday. The firm has a market capitalization of $964.04 million, a PE ratio of -28.27 and a beta of 1.63. Endeavour Silver Corp. has a 12-month low of $1.42 and a 12-month high of $5.67. The firm has a 50-day moving average price of $3.78 and a 200-day moving average price of $3.96. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

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.