Royal Bank of Canada lessened its holdings in shares of Endeavour Silver Corporation (NYSE:EXK – Free Report) (TSE:EDR) by 81.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,608 shares of the mining company’s stock after selling 206,356 shares during the quarter. Royal Bank of Canada’s holdings in Endeavour Silver were worth $434,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in EXK. Schroder Investment Management Group increased its stake in shares of Endeavour Silver by 8.8% during the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock worth $107,000 after purchasing an additional 887 shares during the last quarter. Quarry LP boosted its holdings in Endeavour Silver by 2.0% in the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock worth $582,000 after purchasing an additional 1,490 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Endeavour Silver by 15.6% in the fourth 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. Public Employees Retirement System of Ohio lifted its position in shares of Endeavour Silver by 3.6% in the third quarter. Public Employees Retirement System of Ohio now owns 76,315 shares of the mining company’s stock worth $598,000 after buying an additional 2,664 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Endeavour Silver by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 269,186 shares of the mining company’s stock worth $2,537,000 after buying an additional 3,133 shares during the last quarter. 20.06% of the stock is owned by institutional investors.
Endeavour Silver Price Performance
NYSE EXK opened at $11.10 on Wednesday. The stock has a 50-day simple moving average of $8.73 and a 200 day simple moving average of $9.65. Endeavour Silver Corporation has a twelve month low of $5.63 and a twelve month high of $15.15. The stock has a market capitalization of $3.29 billion, a PE ratio of 52.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97.
Analysts Set New Price Targets
EXK has been the topic of a number of analyst reports. B. Riley Financial began coverage on Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. HC Wainwright reissued a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. Finally, Wall Street Zen cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.
Check Out Our Latest Analysis on EXK
About Endeavour Silver
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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