Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Endeavour Silver Corporation (NYSE:EXK – Free Report) (TSE:EDR) in the second quarter, HoldingsChannel.com reports. The fund acquired 490,695 shares of the mining company’s stock, valued at approximately $4,075,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in Endeavour Silver in the 2nd quarter worth $29,000. Harbor Investment Advisory LLC grew its holdings in Endeavour Silver by 166.7% during the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Endeavour Silver by 389.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after buying an additional 3,647 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in Endeavour Silver in the first quarter worth about $55,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Endeavour Silver in the second quarter worth about $85,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. B. Riley Financial started coverage on Endeavour Silver in a research report on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Friday, July 17th. HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Endeavour Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.
Endeavour Silver Trading Up 3.8%
Shares of EXK stock opened at $11.30 on Friday. Endeavour Silver Corporation has a 52-week low of $5.75 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The firm has a market capitalization of $3.35 billion, a PE ratio of 53.83 and a beta of 1.35. The stock has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $9.66.
Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The business had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $210.79 million. On average, analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.
Endeavour Silver Company 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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