Montrusco Bolton Investments Inc. Buys 187,917 Shares of Endeavour Silver Corporation $EXK

Key Points

• Montrusco Bolton Investments Inc. raised its stake in Endeavour Silver by 15.5% in Q4, buying 187,917 shares to hold 1,402,392 shares (about 0.47% of the company) valued at roughly $13.21 million.
• Endeavour missed Q4 expectations, reporting EPS of $0.02 versus $0.03 expected and revenue of $172.6M versus $228.0M expected, leaving the company with a negative net margin and negative return on equity.
• Analysts are broadly positive with a MarketBeat consensus of Moderate Buy and a $14.50 price target, backed by several buy/outperform ratings despite a couple of sell opinions.

Montrusco Bolton Investments Inc. lifted its stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,402,392 shares of the mining company's stock after acquiring an additional 187,917 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.47% of Endeavour Silver worth $13,208,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Endeavour Silver by 52.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,186 shares of the mining company's stock worth $906,000 after purchasing an additional 33,142 shares during the last quarter. Abbington Investment Group grew its holdings in Endeavour Silver by 5.4% during the fourth quarter. Abbington Investment Group now owns 395,645 shares of the mining company's stock valued at $3,719,000 after purchasing an additional 20,093 shares during the last quarter. Greenberg Financial Group bought a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $94,000. Signaturefd LLC bought a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $47,000. Finally, Euro Pacific Asset Management LLC lifted its stake in shares of Endeavour Silver by 18.2% in the fourth quarter. Euro Pacific Asset Management LLC now owns 32,520 shares of the mining company's stock worth $306,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Price Performance

Shares of EXK stock opened at $9.64 on Friday. The stock has a 50 day moving average of $10.50 and a two-hundred day moving average of $9.91. The company has a current ratio of 1.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.41. Endeavour Silver Corporation has a 12 month low of $3.14 and a 12 month high of $15.15. The company has a market capitalization of $2.85 billion, a P/E ratio of -22.96 and a beta of 1.38.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%.The firm had revenue of $172.60 million during the quarter, compared to the consensus estimate of $227.99 million. As a group, equities analysts expect that Endeavour Silver Corporation will post 0.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXK shares. BMO Capital Markets restated an "outperform" rating on shares of Endeavour Silver in a research note on Monday, January 19th. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research note on Friday, January 9th. HC Wainwright boosted their price objective on shares of Endeavour Silver from $14.50 to $17.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Raymond James Financial restated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Endeavour Silver presently has an average rating of "Moderate Buy" and a consensus price target of $14.50.

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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