Endeavour Silver Corporation $EXK Stock: International Assets Investment Management LLC Reduces Stake

Key Points

• International Assets Investment Management cut its Endeavour Silver stake by 97% in the third quarter, selling 374,777 shares and retaining 11,783 shares valued at about $101,000.
• Other institutions made fresh purchases, while Bank of America increased its stake by 85.4%; institutional investors and hedge funds own 20.06% of the company.
• Analysts’ consensus rating is “Moderate Buy”, with a $14 average price target. EXK traded at $7.83 in Friday’s session.

International Assets Investment Management LLC trimmed its position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 97.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,783 shares of the mining company's stock after selling 374,777 shares during the quarter. International Assets Investment Management LLC's holdings in Endeavour Silver were worth $101,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $2,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Endeavour Silver during the second quarter worth approximately $1,218,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Endeavour Silver in the second quarter valued at about $4,075,000. Man Group plc bought a new stake in Endeavour Silver in the 2nd quarter valued at about $5,371,000. Finally, Bank of America Corp DE increased its stake in Endeavour Silver by 85.4% during the 1st quarter. Bank of America Corp DE now owns 2,706,532 shares of the mining company's stock worth $25,198,000 after acquiring an additional 1,246,554 shares during the period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXK has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce downgraded shares of Endeavour Silver from an "outperform" rating to a "hold" rating in a report on Tuesday, September 22nd. Wall Street Zen lowered shares of Endeavour Silver from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Citigroup downgraded shares of Endeavour Silver to a "market perform" rating in a research report on Friday, October 9th. Weiss Ratings raised Endeavour Silver from a "sell (d-)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. Finally, HC Wainwright restated a "buy" rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Endeavour Silver has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Endeavour Silver Price Performance

EXK traded up $0.24 during trading on Friday, reaching $7.83. The stock had a trading volume of 5,517,697 shares, compared to its average volume of 5,821,406. The business has a 50-day moving average of $8.98 and a 200-day moving average of $9.67. The stock has a market cap of $2.32 billion, a PE ratio of 37.31 and a beta of 1.38. Endeavour Silver Corporation has a one year low of $6.60 and a one 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 Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company's activities include underground mining, mineral processing and exploration aimed at expanding its resource base and extending the life of its operations.

Endeavour Silver has historically operated in Mexico, with its principal assets including the Guanaceví mine in Durango and the Bolañitos mining district in Guanajuato.

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