Van ECK Associates Corp Sells 3,372,608 Shares of Endeavour Silver Corp. (NYSE:EXK)

Van ECK Associates Corp cut its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,752,847 shares of the mining company’s stock after selling 3,372,608 shares during the period. Van ECK Associates Corp owned about 0.08% of Endeavour Silver worth $79,615,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $964,000. U S Global Investors Inc. bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $1,382,000. Barclays PLC raised its stake in shares of Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after purchasing an additional 51,901 shares during the period. Geode Capital Management LLC raised its stake 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 worth $460,000 after purchasing an additional 10,543 shares during the period. Finally, Alpha Cubed Investments LLC bought a new stake in shares of Endeavour Silver during the 4th quarter worth $37,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Trading Up 1.1 %

Shares of EXK opened at $4.20 on Friday. The business has a 50-day moving average of $3.81 and a 200 day moving average of $3.93. Endeavour Silver Corp. has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The firm has a market cap of $1.10 billion, a P/E ratio of -32.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners lifted their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. TD Securities started coverage on Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. HC Wainwright decreased their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus target price of $6.56.

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.