Endeavour Silver Corporation (NYSE:EXK) Stake Trimmed by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Endeavour Silver Corporation by 26.2%, selling over 1.7 million shares during the first quarter and holding approximately 1.75% of the company afterward.
• Various institutional investors have recently made moves in Endeavour Silver, with Hohimer Wealth Management increasing its stake by 28.9% in the first quarter.
• Analysts have mixed ratings for Endeavour Silver, with a consensus rating of "Buy" and an average target price of $8.33, reflecting a potential upside from current levels.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 26.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,811,093 shares of the mining company's stock after selling 1,704,743 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.75% of Endeavour Silver worth $20,531,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EXK. LPL Financial LLC lifted its stake in Endeavour Silver by 1.0% in the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock valued at $1,034,000 after buying an additional 2,661 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Endeavour Silver during the fourth quarter valued at about $217,000. Invesco Ltd. raised its stake in shares of Endeavour Silver by 529.5% during the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock valued at $7,747,000 after purchasing an additional 1,780,405 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Endeavour Silver by 82.4% during the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company's stock valued at $677,000 after purchasing an additional 83,600 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Endeavour Silver during the fourth quarter valued at about $321,000. 20.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXK has been the topic of a number of recent analyst reports. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Wall Street Zen cut shares of Endeavour Silver from a "hold" rating to a "sell" rating in a research note on Saturday. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. CIBC lifted their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, HC Wainwright lifted their price objective on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Price Performance

NYSE:EXK traded up $0.12 during mid-day trading on Monday, reaching $5.54. 9,569,536 shares of the stock were exchanged, compared to its average volume of 8,321,135. The business has a fifty day moving average price of $5.13 and a 200 day moving average price of $4.30. The firm has a market capitalization of $1.61 billion, a PE ratio of -21.29 and a beta of 1.23. Endeavour Silver Corporation has a 1-year low of $2.46 and a 1-year high of $6.04. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The firm had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. Research analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

About Endeavour Silver

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.