Jefferies Financial Group Inc. Purchases New Holdings in Endeavour Silver Corporation $EXK

Jefferies Financial Group Inc. purchased a new stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 217,200 shares of the mining company’s stock, valued at approximately $2,042,000. Jefferies Financial Group Inc. owned about 0.07% of Endeavour Silver at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after acquiring an additional 3,005,563 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Endeavour Silver by 83.5% during the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock valued at $74,303,000 after acquiring an additional 3,594,123 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after acquiring an additional 2,374,365 shares during the last quarter. Condire Management LP increased its position 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 valued at $23,520,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Endeavour Silver during the third quarter valued at approximately $20,225,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $9.31 on Thursday. Endeavour Silver Corporation has a one year low of $3.50 and a one year high of $15.15. The business has a fifty day moving average price of $9.54 and a 200-day moving average price of $10.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. The firm has a market capitalization of $2.76 billion, a P/E ratio of -116.37 and a beta of 1.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million during the quarter, compared to analyst estimates of $200.41 million. As a group, equities research analysts forecast that Endeavour Silver Corporation will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EXK shares. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. HC Wainwright reissued a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

About Endeavour Silver

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.