Endeavour Silver Corporation $EXK Stock: Montrusco Bolton Investments Inc. Lowers Stake

Montrusco Bolton Investments Inc. cut its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 27.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 846,377 shares of the mining company’s stock after selling 312,478 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.29% of Endeavour Silver worth $7,273,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXK. International Assets Investment Management LLC bought a new position in Endeavour Silver during the first quarter valued at $1,774,000. BlackRock Inc. purchased a new position in shares of Endeavour Silver in the 2nd quarter worth $2,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Endeavour Silver in the 2nd quarter worth about $1,218,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Endeavour Silver in the 2nd quarter worth about $4,075,000. Finally, Man Group plc bought a new stake in shares of Endeavour Silver in the 2nd quarter worth about $5,371,000. Institutional investors own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EXK shares. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Friday. Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 22nd. Citigroup cut Endeavour Silver to a “market perform” rating in a research note on Friday. 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 objective on the stock. Finally, Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Trading Down 3.5%

Shares of EXK traded down $0.29 during midday trading on Tuesday, hitting $8.24. The stock had a trading volume of 5,982,486 shares, compared to its average volume of 9,483,642. The stock’s 50 day moving average is $9.93 and its 200 day moving average is $9.28. The firm has a market cap of $2.44 billion, a PE ratio of 39.26 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. Endeavour Silver Corporation has a 1 year low of $6.60 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. As a group, analysts forecast that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company produces silver and gold concentrates and related mineral products from underground mining and milling operations.

Endeavour Silver’s operations and mineral projects are located primarily in Mexico. Its principal assets have included the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato, along with the Terronera project in Jalisco.