Endeavour Silver Corporation $EXK Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. reduced its stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,282,097 shares of the mining company’s stock after selling 120,295 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Endeavour Silver were worth $11,925,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have commented on EXK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. HC Wainwright restated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have given 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, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Stock Down 0.1%

EXK stock opened at $8.55 on Friday. 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 firm has a 50-day moving average of $9.12 and a two-hundred day moving average of $10.20. Endeavour Silver Corporation has a 12 month low of $4.75 and a 12 month high of $15.15. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -106.87 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. The business had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. As a group, analysts forecast 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.