BlackRock Inc. Acquires New Stake in Endeavour Silver Corporation $EXK

Key Points

• BlackRock acquired 268,651 Endeavour Silver shares during the second quarter, valued at approximately $2.22 million and representing 0.09% of the company.
• Other institutions, including Deutsche Bank, Alberta Investment Management and Bank of New York Mellon, also initiated positions; institutional investors collectively own 20.06% of EXK.
• Endeavour Silver reported quarterly earnings of $0.15 per share and $212.1 million in revenue, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $14.50.

BlackRock Inc. acquired a new stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 268,651 shares of the mining company's stock, valued at approximately $2,224,000. BlackRock Inc. owned 0.09% of Endeavour Silver as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of EXK. Deutsche Bank AG acquired a new position in shares of Endeavour Silver during the second quarter worth about $10,192,000. N.E.W. Advisory Services LLC purchased a new stake in Endeavour Silver in the 2nd quarter valued at approximately $29,000. Alberta Investment Management Corp purchased a new stake in Endeavour Silver in the 2nd quarter valued at approximately $657,000. Bank of New York Mellon Corp acquired a new position in Endeavour Silver during the 2nd quarter worth approximately $85,000. Finally, FNY Investment Advisers LLC acquired a new position in Endeavour Silver during the 2nd quarter worth approximately $107,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $11.13 on Friday. The stock has a fifty day moving average price of $9.15 and a 200 day moving average price of $9.63. The stock has a market cap of $3.30 billion, a PE ratio of 53.00 and a beta of 1.43. Endeavour Silver Corporation has a 1 year low of $5.75 and a 1 year 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.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $212.10 million for the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. Sell-side analysts forecast that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXK shares. HC Wainwright reissued a "buy" rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Thursday, July 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Endeavour Silver in a report on Friday, July 17th. B. Riley Financial assumed coverage on Endeavour Silver in a research report on Monday, August 3rd. They issued a "buy" rating and a $14.00 price objective for the company. Finally, Wall Street Zen downgraded Endeavour Silver from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. One investment 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 stock. According to MarketBeat, the stock presently has a consensus 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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