Legal & General Group Plc Invests $2.33 Million in Endeavour Silver Corporation $EXK

Key Points

• Legal & General Group acquired 281,332 Endeavour Silver shares worth approximately $2.33 million, representing about 0.09% of the company. Institutional investors collectively own 20.06% of EXK.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $14.50; individual targets range from $14 to $17.
• Endeavour Silver reported quarterly EPS of $0.15, in line with estimates, and revenue of $212.1 million, slightly above expectations. Shares opened at $11.13 after falling 3.0%.

Legal & General Group Plc acquired a new stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 281,332 shares of the mining company's stock, valued at approximately $2,334,000. Legal & General Group Plc owned approximately 0.09% of Endeavour Silver as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXK. The Manufacturers Life Insurance Company bought a new position in Endeavour Silver in the second quarter valued at $2,191,000. Cibc World Market Inc. bought a new stake in Endeavour Silver during the second quarter worth about $339,000. Sanctuary Advisors LLC bought a new stake in Endeavour Silver during the second quarter worth about $91,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Endeavour Silver during the second quarter worth about $4,075,000. Finally, PEAK6 LLC purchased a new position in shares of Endeavour Silver in the 2nd quarter worth about $1,794,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXK has been the topic of several recent research reports. B. Riley Financial started coverage on Endeavour Silver in a research report on Monday, August 3rd. They set a "buy" rating and a $14.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th. HC Wainwright reaffirmed a "buy" rating and issued a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, July 9th. Finally, Wall Street Zen cut shares of Endeavour Silver from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

Endeavour Silver Trading Down 3.0%

EXK opened at $11.13 on Friday. Endeavour Silver Corporation has a one year low of $5.75 and a one year high of $15.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The business has a 50 day simple moving average of $9.15 and a two-hundred day simple moving average of $9.63. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 53.00 and a beta of 1.43.

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 (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $212.10 million for the quarter, compared to analysts' expectations of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. Analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current year.

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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