Vanguard Group Inc. Grows Stake in Endeavour Silver Corporation $EXK

Vanguard Group Inc. grew its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 83.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,899,506 shares of the mining company’s stock after buying an additional 3,594,123 shares during the quarter. Vanguard Group Inc.’s holdings in Endeavour Silver were worth $74,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Endeavour Silver by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after buying an additional 3,005,563 shares during the period. Alps Advisors Inc. lifted its holdings in Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after buying an additional 2,374,365 shares during the period. Condire Management LP lifted its holdings in Endeavour Silver by 200.0% in the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after buying an additional 2,000,000 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Endeavour Silver in the 3rd quarter worth approximately $20,225,000. Finally, Millennium Management LLC lifted its holdings in Endeavour Silver by 13.3% in the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after buying an additional 289,096 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

EXK has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. HC Wainwright reiterated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock opened at $10.78 on Friday. Endeavour Silver Corporation has a 12 month low of $3.14 and a 12 month high of $15.15. The firm has a market capitalization of $3.19 billion, a P/E ratio of -134.73 and a beta of 1.26. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $10.06.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The company had revenue of $209.70 million during the quarter, compared to analyst estimates of $200.41 million. On average, equities analysts forecast that Endeavour Silver Corporation will post 0.63 earnings per share for the current fiscal 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.