The Manufacturers Life Insurance Company Makes New $2.19 Million Investment in Endeavour Silver Corporation $EXK

Key Points

• The Manufacturers Life Insurance Company acquired 264,497 shares of Endeavour Silver, valued at approximately $2.19 million, giving it a 0.09% stake. Institutional investors and hedge funds collectively own 20.06% of the company.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $14.50; individual targets range from $14.00 to $17.00.
• Endeavour Silver reported quarterly earnings of $0.15 per share, matching estimates, while revenue of $212.1 million exceeded expectations. Shares opened at $11.14, compared with a 52-week range of $5.75 to $15.15.

The Manufacturers Life Insurance Company acquired a new stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 264,497 shares of the mining company's stock, valued at approximately $2,191,000. The Manufacturers Life Insurance Company owned approximately 0.09% of Endeavour Silver at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Schroder Investment Management Group increased its position in shares of Endeavour Silver by 8.8% during the fourth quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company's stock worth $107,000 after acquiring an additional 887 shares in the last quarter. Quarry LP lifted 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 valued at $582,000 after acquiring an additional 1,490 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in Endeavour Silver by 15.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company's stock valued at $128,000 after purchasing an additional 1,836 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in Endeavour Silver by 166.7% during 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 in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Endeavour Silver by 3.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,315 shares of the mining company's stock worth $598,000 after purchasing an additional 2,664 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Endeavour Silver Stock Performance

Shares of EXK stock opened at $11.14 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 53.05 and a beta of 1.43. Endeavour Silver Corporation has a 52 week low of $5.75 and a 52 week high of $15.15. The firm's 50-day simple moving average is $9.02 and its two-hundred day simple moving average is $9.62.

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

About Endeavour Silver

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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