748,000 Endeavour Silver Corporation $EXK Shares Sold by U S Global Investors Inc.

Key Points

• U.S. Global Investors cut its Endeavour Silver stake by 71.7% in the third quarter, selling 748,000 shares and retaining 295,200 shares valued at approximately $2.53 million.
• Institutional ownership stands at 20.06%, with several other investors initiating or increasing positions in the silver-gold miner.
• Analyst opinions are mixed, but the stock has a “Moderate Buy” consensus and an average price target of $14.50; shares recently opened at $7.64, down 8.1%.

U S Global Investors Inc. decreased its stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 71.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,200 shares of the mining company's stock after selling 748,000 shares during the period. U S Global Investors Inc. owned approximately 0.10% of Endeavour Silver worth $2,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXK. Encompass More Asset Management purchased a new stake in shares of Endeavour Silver during the third quarter valued at $86,000. TD Waterhouse Canada Inc. increased its stake in Endeavour Silver by 142.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,500 shares of the mining company's stock worth $72,000 after purchasing an additional 5,000 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Endeavour Silver in the 3rd quarter worth about $34,000. Wellington Altus USA Inc. acquired a new stake in Endeavour Silver during the 2nd quarter worth about $147,000. Finally, Engineers Gate Manager LP raised its holdings in Endeavour Silver by 8.1% during the 2nd quarter. Engineers Gate Manager LP now owns 162,566 shares of the mining company's stock worth $1,346,000 after buying an additional 12,245 shares during the period. 20.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXK has been the subject of a number of research analyst reports. HC Wainwright restated a "buy" rating and issued a $17.00 target price on shares of Endeavour Silver in a report on Friday, October 9th. Citigroup cut Endeavour Silver to a "market perform" rating in a research note on Friday, October 9th. Canadian Imperial Bank of Commerce downgraded Endeavour Silver from an "outperform" rating to a "hold" rating in a report on Tuesday, September 22nd. Wall Street Zen lowered shares of Endeavour Silver from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Weiss Ratings raised shares of Endeavour Silver from a "sell (d-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Endeavour Silver currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

Endeavour Silver Stock Down 8.1%

Shares of EXK opened at $7.64 on Friday. The company has a market capitalization of $2.26 billion, a P/E ratio of 22.46 and a beta of 1.41. Endeavour Silver Corporation has a one year low of $6.60 and a one year high of $15.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The business's 50 day simple moving average is $9.68 and its 200-day simple moving average is $9.22.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The business had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. As a group, sell-side 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 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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