Aire Advisors LLC Purchases New Shares in Endeavour Silver Corporation $EXK

Key Points

• Aire Advisors LLC acquired 30,000 shares of Endeavour Silver Corporation, valued at approximately $148,000, during the 2nd quarter.
• Several institutional investors, including Invesco Ltd. and Goldman Sachs Group Inc., have significantly increased their stakes in Endeavour Silver, indicating growing interest in the company.
• Endeavour Silver's stock has a consensus rating of "Moderate Buy" with an average price target set at $8.67, despite recent downgrades by some analysts.

Aire Advisors LLC purchased a new stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the mining company's stock, valued at approximately $148,000.

Several other institutional investors have also added to or reduced their stakes in EXK. Invesco Ltd. boosted its stake in Endeavour Silver by 56.0% in the 1st quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock valued at $14,098,000 after purchasing an additional 1,185,100 shares during the period. Azarias Capital Management L.P. bought a new stake in Endeavour Silver in the 2nd quarter valued at $5,606,000. Goldman Sachs Group Inc. boosted its stake 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 valued at $5,590,000 after purchasing an additional 747,556 shares during the period. TD Asset Management Inc boosted its stake in Endeavour Silver by 19.9% in the 2nd quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company's stock valued at $21,927,000 after purchasing an additional 740,046 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Endeavour Silver by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company's stock valued at $28,279,000 after purchasing an additional 680,802 shares during the period. 20.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXK has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Friday, October 10th. Wall Street Zen upgraded Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Zacks Research downgraded Endeavour Silver from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $8.67.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $9.49 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.77 billion, a PE ratio of -35.13 and a beta of 1.29. Endeavour Silver Corporation has a 12 month low of $2.95 and a 12 month high of $9.53. The stock has a 50-day moving average price of $6.65 and a two-hundred day moving average price of $5.14.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. Analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Endeavour Silver Profile

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.

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