SG Americas Securities LLC Reduces Holdings in Endeavour Silver Corporation $EXK

SG Americas Securities LLC decreased its stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 72.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,960 shares of the mining company’s stock after selling 110,563 shares during the period. SG Americas Securities LLC’s holdings in Endeavour Silver were worth $400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Endeavour Silver by 38.1% during 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 acquiring an additional 3,005,563 shares during the period. Van ECK Associates Corp lifted its stake in shares of Endeavour Silver by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock valued at $92,071,000 after purchasing an additional 261,196 shares during the period. Vanguard Group Inc. lifted its stake in shares of Endeavour Silver by 83.5% in the 4th quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock valued at $74,303,000 after purchasing an additional 3,594,123 shares during the period. Condire Management LP lifted its stake in shares of Endeavour Silver by 50.1% in the 4th quarter. Condire Management LP now owns 4,503,543 shares of the mining company’s stock valued at $42,333,000 after purchasing an additional 1,503,543 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Endeavour Silver by 42.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock valued at $28,574,000 after purchasing an additional 910,378 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

EXK has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a research note on Thursday. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Up 6.6%

Shares of NYSE:EXK opened at $8.23 on Friday. The stock has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $10.17. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -102.81 and a beta of 1.33. Endeavour Silver Corporation has a 12-month low of $4.91 and a 12-month high of $15.15. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37.

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

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.