Bank of America Corp DE Has $25.20 Million Stake in Endeavour Silver Corporation $EXK

Bank of America Corp DE lifted its position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 85.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,706,532 shares of the mining company's stock after purchasing an additional 1,246,554 shares during the period. Bank of America Corp DE owned 0.91% of Endeavour Silver worth $25,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EXK. Vanguard Group Inc. lifted its holdings in shares of Endeavour Silver by 1,631.7% during the third quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company's stock worth $33,720,000 after buying an additional 4,056,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Endeavour Silver by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company's stock valued at $85,474,000 after purchasing an additional 3,005,563 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $20,225,000. Condire Management LP grew its position in shares of Endeavour Silver by 200.0% during the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company's stock worth $23,520,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of 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. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Stock Performance

NYSE EXK opened at $10.18 on Tuesday. 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 firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 48.48 and a beta of 1.35. The firm's 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.71. Endeavour Silver Corporation has a 1 year low of $5.29 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. The business had revenue of $212.10 million for the quarter, compared to analysts' expectations of $210.79 million. As a group, research analysts expect that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXK. Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th. HC Wainwright reissued a "buy" rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. B. Riley Financial began coverage on Endeavour Silver in a research note on Monday, August 3rd. They set a "buy" rating and a $14.00 price objective on the stock. Zacks Research raised Endeavour Silver from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered Endeavour Silver from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. 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, the company has an average rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver 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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