Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 490,695 shares of the mining company's stock, valued at approximately $4,075,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of Endeavour Silver at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Schroder Investment Management Group increased its holdings in Endeavour Silver by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company's stock worth $107,000 after buying an additional 887 shares in the last quarter. Quarry LP raised its position in Endeavour Silver by 2.0% in the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company's stock worth $582,000 after buying an additional 1,490 shares during the last quarter. Swiss Life Asset Management Ltd lifted its stake in Endeavour Silver by 15.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company's stock valued at $128,000 after acquiring an additional 1,836 shares during the period. Harbor Investment Advisory LLC lifted its stake in Endeavour Silver by 166.7% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company's stock valued at $33,000 after acquiring an additional 2,500 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Endeavour Silver by 3.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,315 shares of the mining company's stock valued at $598,000 after acquiring an additional 2,664 shares during the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.
Endeavour Silver Stock Up 3.8%
EXK stock opened at $11.30 on Friday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 53.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The business's 50-day moving average is $8.82 and its two-hundred day moving average is $9.66. Endeavour Silver Corporation has a fifty-two week low of $5.75 and a fifty-two week high of $15.15.
Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results 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 return on equity of 17.46% and a net margin of 9.30%.The business had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. As a group, analysts forecast that Endeavour Silver Corporation will post 0.68 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on EXK. Wall Street Zen lowered shares of Endeavour Silver from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. HC Wainwright restated a "buy" rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. B. Riley Financial assumed coverage on shares of Endeavour Silver in a report on Monday, August 3rd. They issued a "buy" rating and a $14.00 target price on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Endeavour Silver from a "strong sell" rating to a "hold" rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $14.50.
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About Endeavour Silver
(
Free Report)
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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