Parvin Asset Management LLC Invests $2.63 Million in Endeavour Silver Corporation $EXK

Parvin Asset Management LLC acquired a new stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 318,275 shares of the mining company’s stock, valued at approximately $2,635,000. Endeavour Silver comprises about 2.1% of Parvin Asset Management LLC’s portfolio, making the stock its 4th largest position. Parvin Asset Management LLC owned approximately 0.11% of Endeavour Silver at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EXK. N.E.W. Advisory Services LLC purchased a new stake in shares of Endeavour Silver in the second quarter valued at approximately $29,000. Harbor Investment Advisory LLC increased its position in Endeavour Silver by 166.7% during the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,500 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after purchasing an additional 3,647 shares during the period. Bartlett & CO. Wealth Management LLC purchased a new position in Endeavour Silver during the first quarter worth about $55,000. Finally, Bank of New York Mellon Corp acquired a new position in Endeavour Silver in the 2nd quarter valued at about $85,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. B. Riley Financial began coverage on Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective on the stock. HC Wainwright reissued a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. Wall Street Zen cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Down 1.9%

Shares of Endeavour Silver stock opened at $10.88 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $8.77 and a 200 day moving average of $9.66. The company has a market capitalization of $3.22 billion, a P/E ratio of 51.81 and a beta of 1.35. Endeavour Silver Corporation has a 52-week low of $5.63 and a 52-week high of $15.15.

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