Van ECK Associates Corp increased its stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,370,190 shares of the mining company’s stock after buying an additional 944,317 shares during the period. Van ECK Associates Corp owned 7.35% of Endeavour Silver worth $22,301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Endeavour Silver by 666.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock worth $1,023,000 after buying an additional 291,507 shares in the last quarter. ETF Managers Group LLC acquired a new position in Endeavour Silver during the 2nd quarter worth about $2,361,000. Cubist Systematic Strategies LLC acquired a new position in Endeavour Silver during the 2nd quarter worth about $361,000. Global X MANAGEMENT CO LLC lifted its position in Endeavour Silver by 8.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock worth $3,849,000 after buying an additional 122,180 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in Endeavour Silver by 247.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,983 shares of the mining company’s stock worth $387,000 after buying an additional 90,461 shares in the last quarter. Institutional investors and hedge funds own 25.84% of the company’s stock.
Several brokerages have weighed in on EXK. BMO Capital Markets began coverage on Endeavour Silver in a report on Friday, November 17th. They set a “market perform” rating for the company. HC Wainwright set a $6.00 price objective on Endeavour Silver and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. Noble Financial reissued a “buy” rating on shares of Endeavour Silver in a report on Wednesday, October 11th. Finally, Canaccord Genuity began coverage on Endeavour Silver in a report on Thursday, September 7th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.94.
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Endeavour Silver Profile
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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