Caprock Group LLC Makes New Investment in Endeavour Silver Corporation $EXK

Caprock Group LLC purchased a new stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 140,000 shares of the mining company’s stock, valued at approximately $1,098,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baader Bank Aktiengesellschaft grew its position in Endeavour Silver by 369.0% in the 3rd quarter. Baader Bank Aktiengesellschaft now owns 108,520 shares of the mining company’s stock valued at $851,000 after buying an additional 85,383 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of Endeavour Silver by 47.3% in the 3rd quarter. Profund Advisors LLC now owns 35,797 shares of the mining company’s stock worth $281,000 after acquiring an additional 11,499 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after acquiring an additional 2,374,365 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Endeavour Silver by 36.4% in the third quarter. SBI Securities Co. Ltd. now owns 23,129 shares of the mining company’s stock valued at $181,000 after acquiring an additional 6,169 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 25.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 156,250 shares of the mining company’s stock valued at $1,225,000 after acquiring an additional 31,750 shares during the period. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Trading Up 6.9%

NYSE:EXK opened at $11.75 on Monday. The stock has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $8.46. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of -34.57 and a beta of 1.23. Endeavour Silver Corporation has a 1-year low of $2.95 and a 1-year high of $15.15. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXK shares. HC Wainwright restated a “buy” rating and issued a $14.50 target price (up from $11.00) on shares of Endeavour Silver in a research report on Friday, January 9th. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, January 14th. B. Riley Financial boosted their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $13.88.

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.