FNY Investment Advisers LLC Makes New $246,000 Investment in Endeavour Silver Corporation $EXK

Key Points

• FNY Investment Advisers LLC invested $246,000 in Endeavour Silver Corporation, acquiring 50,000 shares in the second quarter.
• Several institutional investors, including Invesco Ltd. and Goldman Sachs Group Inc., have significantly increased their holdings in Endeavour Silver, reflecting growing institutional interest.
• Analysts have mixed opinions on Endeavour Silver's stock, with price target adjustments ranging from $7.25 to $10.00 across various firms, indicating cautious optimism.

FNY Investment Advisers LLC acquired a new position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the mining company's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of EXK. Invesco Ltd. lifted its holdings in Endeavour Silver by 56.0% in the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock worth $14,098,000 after buying an additional 1,185,100 shares during the period. Azarias Capital Management L.P. purchased a new stake in Endeavour Silver in the second quarter worth about $5,606,000. Goldman Sachs Group Inc. lifted its holdings in Endeavour Silver by 133.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company's stock worth $5,590,000 after buying an additional 747,556 shares during the period. TD Asset Management Inc lifted its holdings in Endeavour Silver by 19.9% in the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company's stock worth $21,927,000 after buying an additional 740,046 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Endeavour Silver by 11.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company's stock worth $28,279,000 after buying an additional 680,802 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. HC Wainwright raised their target price on shares of Endeavour Silver from $8.75 to $9.75 and gave the company a "buy" rating in a research note on Thursday, October 9th. Raymond James Financial reaffirmed an "outperform" rating on shares of Endeavour Silver in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Endeavour Silver in a research note on Wednesday, October 8th. Finally, CIBC raised their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.88.

Endeavour Silver Stock Performance

EXK stock opened at $8.03 on Thursday. The stock has a market capitalization of $2.35 billion, a PE ratio of -29.72 and a beta of 1.29. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month high of $10.37. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock's 50 day simple moving average is $6.99 and its 200 day simple moving average is $5.32.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. As a group, research analysts forecast 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.

Want to see what other hedge funds are holding EXK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.