231,194 Endeavour Silver Corporation $EXK Shares Sold by Alps Advisors Inc.

Key Points

• Alps Advisors cut its Endeavour Silver stake by 5.0%, selling 231,194 shares in the third quarter; it held 4,426,478 shares, worth about $38.0 million, afterward.
• Other institutional investors, including Renaissance Technologies and Arrowstreet Capital, increased their holdings, while institutional investors and hedge funds collectively owned 20.06% of the company’s stock.
• Analyst sentiment was Moderate Buy, with a consensus price target of $14.00; one analyst rated the stock a Strong Buy, five a Buy and four a Hold.

Alps Advisors Inc. trimmed its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,426,478 shares of the mining company's stock after selling 231,194 shares during the period. Alps Advisors Inc. owned 1.49% of Endeavour Silver worth $37,979,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Endeavour Silver in the 2nd quarter worth $20,040,000. Renaissance Technologies LLC grew its stake in Endeavour Silver by 18,554.9% during the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company's stock worth $17,715,000 after purchasing an additional 1,892,600 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Endeavour Silver by 121.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company's stock worth $21,535,000 after purchasing an additional 1,268,035 shares in the last quarter. Deutsche Bank AG purchased a new stake in Endeavour Silver in the second quarter worth $10,192,000. Finally, Man Group plc bought a new stake in shares of Endeavour Silver during the 2nd quarter valued at $5,371,000. Institutional investors and hedge funds own 20.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXK. Canadian Imperial Bank of Commerce downgraded shares of Endeavour Silver from an "outperform" rating to a "hold" rating in a research note on Tuesday, September 22nd. Citigroup lowered Endeavour Silver to a "market perform" rating in a report on Friday, October 9th. B. Riley Financial initiated coverage on Endeavour Silver in a research note on Monday, August 3rd. They issued a "buy" rating and a $14.00 price target on the stock. Wall Street Zen lowered Endeavour Silver from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Finally, HC Wainwright reissued a "buy" rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Endeavour Silver has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Endeavour Silver Stock Performance

NYSE:EXK opened at $7.83 on Friday. The stock has a 50 day simple moving average of $8.98 and a 200 day simple moving average of $9.67. Endeavour Silver Corporation has a 1-year low of $6.60 and a 1-year high of $15.15. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.32 billion, a P/E ratio of 19.54 and a beta of 1.38.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company's activities include underground mining, mineral processing and exploration aimed at expanding its resource base and extending the life of its operations.

Endeavour Silver has historically operated in Mexico, with its principal assets including the Guanaceví mine in Durango and the Bolañitos mining district in Guanajuato.

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