UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 147,080 Endeavour Silver Corporation $EXK

Key Points

• UBS Asset Management acquired 147,080 Endeavour Silver shares during the second quarter, valued at approximately $1.218 million. Institutional investors and hedge funds collectively own 20.06% of the company.
• Analyst sentiment is generally positive, with Endeavour Silver holding a “Moderate Buy” consensus rating and an average price target of $14.50, despite ratings ranging from “Strong Buy” to “Sell.”
• Endeavour Silver reported quarterly earnings of $0.15 per share, matching expectations, while revenue of $212.1 million slightly exceeded the $210.79 million consensus estimate.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 147,080 shares of the mining company's stock, valued at approximately $1,218,000.

A number of other large investors have also made changes to their positions in EXK. Empowered Funds LLC acquired a new stake in shares of Endeavour Silver in the 2nd quarter worth $631,000. Public Employees Retirement System of Ohio acquired a new position in Endeavour Silver during the 2nd quarter valued at about $639,000. Capstone Investment Advisors LLC acquired a new position in Endeavour Silver during the 2nd quarter valued at about $237,000. Parvin Asset Management LLC acquired a new position in Endeavour Silver during the 2nd quarter valued at about $2,635,000. Finally, Bank of America Corp DE purchased a new stake in Endeavour Silver in the second quarter valued at about $20,040,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EXK shares. Wall Street Zen lowered Endeavour Silver from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. B. Riley Financial initiated coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They issued a "buy" rating and a $14.00 price objective for the company. HC Wainwright reiterated a "buy" rating and issued a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, July 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research note on Friday, July 17th. One research analyst has 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $14.50.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $10.15 on Friday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 48.32 and a beta of 1.43. 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 fifty day moving average of $9.39 and a 200 day moving average of $9.59. Endeavour Silver Corporation has a 1 year low of $6.02 and a 1 year high of $15.15.

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 earnings per share for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $212.10 million for the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. As a group, research analysts expect that Endeavour Silver Corporation will post 0.68 earnings per share for the current year.

Endeavour Silver Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development, and operation of silver-gold properties. The company's activities include underground mining, mineral processing, project development, and exploration for additional deposits.

Endeavour Silver's operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.

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