264,497 Shares in Endeavour Silver Corporation $EXK Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 264,497 shares of the mining company’s stock, valued at approximately $2,191,000.

A number of other hedge funds have also added to or reduced their stakes in EXK. Millennium Management LLC lifted its holdings in shares of Endeavour Silver by 13.3% in the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after buying an additional 289,096 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Endeavour Silver in the first quarter valued at approximately $100,000. Goldman Sachs Group Inc. grew its stake in Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after acquiring an additional 747,556 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Endeavour Silver by 162.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after acquiring an additional 326,508 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after acquiring an additional 5,303 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $11.14 on Thursday. The firm has a market capitalization of $3.30 billion, a PE ratio of 53.05 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. The business’s 50-day moving average price is $9.02 and its 200-day moving average price is $9.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $212.10 million for 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%. Sell-side analysts forecast that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. HC Wainwright reissued a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday, July 9th. B. Riley Financial assumed coverage on Endeavour Silver in a research report on Monday, August 3rd. They set a “buy” rating and a $14.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Company 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.