Man Group plc Makes New $5.37 Million Investment in Endeavour Silver Corporation $EXK

Man Group plc purchased a new stake in shares of Endeavour Silver Corporation (NYSE:EXKFree Report) (TSE:EDR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 648,617 shares of the mining company’s stock, valued at approximately $5,371,000. Man Group plc owned about 0.22% of Endeavour Silver as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its holdings 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 worth $10,483,000 after buying an additional 289,096 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Endeavour Silver in the 1st quarter worth $100,000. Goldman Sachs Group Inc. raised its holdings in Endeavour Silver by 133.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after acquiring an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Endeavour Silver by 162.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock worth $2,252,000 after acquiring an additional 326,508 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after acquiring an additional 5,303 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. B. Riley Financial started coverage on Endeavour Silver in a research report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price target on the stock. HC Wainwright reissued a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Check Out Our Latest Report on Endeavour Silver

Endeavour Silver Trading Up 0.2%

Shares of EXK stock opened at $10.78 on Monday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 51.33 and a beta of 1.35. Endeavour Silver Corporation has a 1 year low of $5.75 and a 1 year high of $15.15. The firm’s fifty day simple moving average is $8.86 and its 200 day simple moving average is $9.65. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34.

Endeavour Silver (NYSE:EXKGet Free Report) (TSE:EDR) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. As a group, sell-side analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current year.

Endeavour Silver Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Endeavour Silver (NYSE:EXK)

Receive News & Ratings for Endeavour Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver and related companies with MarketBeat.com's FREE daily email newsletter.