Connor Clark & Lunn Investment Management Ltd. Purchases 643,641 Shares of Endeavour Silver Corporation $EXK

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,454,734 shares of the mining company’s stock after buying an additional 643,641 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Endeavour Silver were worth $26,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. PCJ Investment Counsel Ltd. bought a new stake in Endeavour Silver in the 2nd quarter worth $3,348,000. Bastion Asset Management Inc. purchased a new stake in shares of Endeavour Silver during the second quarter worth about $5,621,000. Bank of Montreal Can grew its stake in shares of Endeavour Silver by 33.2% in the second quarter. Bank of Montreal Can now owns 977,317 shares of the mining company’s stock worth $4,819,000 after purchasing an additional 243,570 shares during the last quarter. TIAA Trust National Association purchased a new position in Endeavour Silver during the 2nd quarter valued at about $260,000. Finally, Versor Investments LP purchased a new position in Endeavour Silver during the 2nd quarter valued at about $309,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Down 1.5%

NYSE:EXK opened at $7.21 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. The firm’s 50-day moving average price is $7.51 and its 200-day moving average price is $5.71. The company has a market capitalization of $2.12 billion, a PE ratio of -26.71 and a beta of 1.27. Endeavour Silver Corporation has a 1-year low of $2.95 and a 1-year high of $10.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). The business had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. On average, equities analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXK shares. CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a research report on Monday, November 3rd. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. HC Wainwright raised their target price on shares of Endeavour Silver from $9.75 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.50.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.