Montrusco Bolton Investments Inc. Makes New $9.51 Million Investment in Endeavour Silver Corporation $EXK

Key Points

• Montrusco Bolton Investments acquired a new stake of 1,214,475 shares in Endeavour Silver valued at approximately $9.51 million, representing about 0.41% of the company.
• Several other institutions boosted positions—most notably Vanguard (+1,631.7% to 4,305,383 shares) and Alps Advisors—leaving hedge funds and institutional investors owning about 20.06% of the stock.
• Endeavour Silver (EXK) is trading near $13.23 with a market cap of about $3.91 billion, and analysts have a consensus Buy rating with an average price target of $13.88.

Montrusco Bolton Investments Inc. acquired a new stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,214,475 shares of the mining company's stock, valued at approximately $9,514,000. Montrusco Bolton Investments Inc. owned about 0.41% of Endeavour Silver at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Endeavour Silver by 1,631.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company's stock valued at $33,720,000 after acquiring an additional 4,056,768 shares during the last quarter. Alps Advisors Inc. grew its position in shares of Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company's stock valued at $34,965,000 after purchasing an additional 2,374,365 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Endeavour Silver by 19.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company's stock worth $38,852,000 after purchasing an additional 1,274,094 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Endeavour Silver in the second quarter worth about $5,621,000. Finally, Fiscal Wisdom Wealth Management LLC purchased a new stake in shares of Endeavour Silver in the third quarter worth about $6,800,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Trading Up 0.3%

Shares of EXK opened at $13.23 on Thursday. The company has a market cap of $3.91 billion, a P/E ratio of -38.92 and a beta of 1.23. Endeavour Silver Corporation has a twelve month low of $2.95 and a twelve month high of $15.15. The company's fifty day simple moving average is $11.35 and its 200-day simple moving average is $8.84. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXK. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research note on Tuesday, December 9th. Raymond James Financial reissued an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Zacks Research raised shares of Endeavour Silver from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. BMO Capital Markets reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Monday, January 19th. Finally, HC Wainwright restated a "buy" rating and issued a $14.50 target price (up from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $13.88.

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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