Trek Financial LLC Makes New $4.52 Million Investment in Endeavour Silver Corporation $EXK

Trek Financial LLC purchased a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 480,853 shares of the mining company’s stock, valued at approximately $4,520,000. Trek Financial LLC owned approximately 0.16% of Endeavour Silver as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXK. Swiss Life Asset Management Ltd lifted its position in shares of Endeavour Silver by 15.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company’s stock worth $128,000 after buying an additional 1,836 shares during the last quarter. Total Investment Management Inc. purchased a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $285,000. SBI Securities Co. Ltd. lifted its position in shares of Endeavour Silver by 29.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 29,988 shares of the mining company’s stock worth $282,000 after buying an additional 6,859 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $253,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXK. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. HC Wainwright restated a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, May 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a research report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Up 12.8%

Shares of Endeavour Silver stock opened at $11.31 on Tuesday. The company has a market cap of $3.35 billion, a P/E ratio of -141.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. Endeavour Silver Corporation has a one year low of $3.14 and a one year high of $15.15. The firm has a fifty day moving average of $9.97 and a two-hundred day moving average of $9.99.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. On average, analysts forecast that Endeavour Silver Corporation will post 0.51 earnings per share for the current 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.