Quantbot Technologies LP Buys Shares of 191,813 Endeavour Silver Corporation $EXK

Key Points

• Quantbot Technologies LP initiated a position in Endeavour Silver by purchasing 191,813 shares valued at approximately $1.59 million, representing 0.06% of the company. Institutional investors collectively own 20.06% of EXK.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $14.50, despite ratings ranging from Strong Buy to Sell.
• Endeavour Silver shares opened at $10.77, up 1.4%, while the company’s latest quarterly results matched earnings expectations at $0.15 per share and exceeded revenue estimates with $212.1 million.

Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 191,813 shares of the mining company's stock, valued at approximately $1,588,000. Quantbot Technologies LP owned 0.06% of Endeavour Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of EXK. Schroder Investment Management Group lifted its position in Endeavour Silver by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company's stock valued at $107,000 after purchasing an additional 887 shares during the last quarter. Quarry LP grew its position in Endeavour Silver by 2.0% in the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company's stock worth $582,000 after purchasing an additional 1,490 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Endeavour Silver by 15.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company's stock worth $128,000 after purchasing an additional 1,836 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company's stock worth $33,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Endeavour Silver by 3.6% in the third quarter. Public Employees Retirement System of Ohio now owns 76,315 shares of the mining company's stock valued at $598,000 after purchasing an additional 2,664 shares during the period. Institutional investors own 20.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXK shares. Zacks Research raised Endeavour Silver from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. HC Wainwright reissued a "buy" rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, July 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th. B. Riley Financial began coverage on Endeavour Silver in a research note on Monday, August 3rd. They set a "buy" rating and a $14.00 target price on the stock. Finally, Wall Street Zen lowered 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 given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver Stock Up 1.4%

Endeavour Silver stock opened at $10.77 on Tuesday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 51.30 and a beta of 1.35. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $8.69 and its two-hundred day moving average price is $9.66. Endeavour Silver Corporation has a 52 week low of $5.63 and a 52 week high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The company had revenue of $212.10 million during the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, analysts expect that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

Endeavour Silver Company 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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