Public Employees Retirement System of Ohio Invests $639,000 in Endeavour Silver Corporation $EXK

Public Employees Retirement System of Ohio acquired a new stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,855 shares of the mining company’s stock, valued at approximately $639,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after purchasing an additional 4,056,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Endeavour Silver by 38.1% in the third 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 last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Endeavour Silver in the third quarter worth $20,225,000. Bank of America Corp DE acquired a new stake in shares of Endeavour Silver during the second quarter worth $20,040,000. Finally, Condire Management LP lifted its stake in shares of Endeavour Silver by 200.0% during the third 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. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EXK shares. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. B. Riley Financial initiated coverage on Endeavour Silver in a research report on Monday, August 3rd. They set a “buy” rating and a $14.00 price target for the company. HC Wainwright reiterated a “buy” rating and set a $17.00 price target 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 given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Stock Performance

Shares of NYSE EXK opened at $11.15 on Thursday. The company has a 50 day simple moving average of $9.32 and a two-hundred day simple moving average of $9.60. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 53.12 and a beta of 1.43. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. Endeavour Silver Corporation has a 12 month low of $5.75 and a 12 month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share 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 firm had revenue of $212.10 million for the quarter, compared to analyst estimates of $210.79 million. As a group, analysts predict that Endeavour Silver Corporation will post 0.68 earnings per share for the current 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.