Quantbot Technologies LP bought a new position in shares of Endeavour Silver Corporation (NYSE:EXK – Free Report) (TSE:EDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 191,813 shares of the mining company’s stock, valued at approximately $1,588,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 purchasing an additional 289,096 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Endeavour Silver in the 1st quarter worth approximately $100,000. Goldman Sachs Group Inc. lifted its stake in Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after purchasing an additional 747,556 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Endeavour Silver by 162.6% during the first 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 purchasing an additional 326,508 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Endeavour Silver by 3.8% during the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock valued at $714,000 after purchasing an additional 5,303 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.
Endeavour Silver Price Performance
EXK stock opened at $10.77 on Tuesday. Endeavour Silver Corporation has a one year low of $5.63 and a one year high of $15.15. The firm has a 50-day moving average of $8.69 and a two-hundred day moving average of $9.66. The firm has a market capitalization of $3.19 billion, a PE ratio of 51.30 and a beta of 1.35. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on EXK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. B. Riley Financial initiated coverage on Endeavour Silver in a research note on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a report on Thursday, July 9th. One 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 given a Sell rating to the company. Based on data from MarketBeat, Endeavour Silver currently has an average rating of “Moderate Buy” and an average target price of $14.50.
Read Our Latest Stock Analysis on Endeavour Silver
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.
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