Armor Advisors L.L.C. Makes New $1.04 Million Investment in Endeavour Silver Corporation $EXK

Armor Advisors L.L.C. bought a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 111,000 shares of the mining company’s stock, valued at approximately $1,043,000. Endeavour Silver accounts for 0.9% of Armor Advisors L.L.C.’s portfolio, making the stock its 13th biggest position.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Endeavour Silver by 13.3% during the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock valued at $10,483,000 after acquiring an additional 289,096 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Endeavour Silver during the 1st quarter valued at about $100,000. Goldman Sachs Group Inc. raised its holdings in shares of Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after buying an additional 747,556 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Endeavour Silver by 162.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after buying an additional 326,508 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock valued at $714,000 after buying an additional 5,303 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. HC Wainwright reissued a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Price Performance

Shares of EXK stock opened at $9.95 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -124.36 and a beta of 1.26. The business’s fifty day moving average is $9.54 and its 200 day moving average is $10.17. Endeavour Silver Corporation has a twelve month low of $3.50 and a twelve month high of $15.15. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $200.41 million. Research analysts expect that Endeavour Silver Corporation will post 0.63 EPS for the current fiscal year.

Endeavour Silver Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.