UBS Asset Management Americas Inc. Purchases 11,800 Shares of Endeavour Silver Corp. (NYSE:EXK)

UBS Asset Management Americas Inc. increased its position in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,791 shares of the mining company’s stock after purchasing an additional 11,800 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.08% of Endeavour Silver worth $875,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in Endeavour Silver by 10.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,202,975 shares of the mining company’s stock valued at $117,522,000 after buying an additional 1,746,204 shares during the last quarter. Morgan Stanley grew its stake in Endeavour Silver by 105.5% in the 2nd quarter. Morgan Stanley now owns 2,138,081 shares of the mining company’s stock valued at $13,084,000 after buying an additional 1,097,538 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Endeavour Silver in the 1st quarter valued at about $2,997,000. American Century Companies Inc. acquired a new position in Endeavour Silver in the 2nd quarter valued at about $3,025,000. Finally, PCJ Investment Counsel Ltd. grew its stake in Endeavour Silver by 66.8% in the 2nd quarter. PCJ Investment Counsel Ltd. now owns 751,647 shares of the mining company’s stock valued at $4,602,000 after buying an additional 300,917 shares during the last quarter. 26.02% of the stock is currently owned by institutional investors.

NYSE EXK opened at $5.10 on Thursday. The company has a current ratio of 4.97, a quick ratio of 4.03 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $869.35 million, a price-to-earnings ratio of 24.29 and a beta of 1.40. The firm’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.37. Endeavour Silver Corp. has a 1 year low of $3.25 and a 1 year high of $7.76.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Monday, November 8th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). The firm had revenue of $34.56 million for the quarter, compared to analyst estimates of $40.63 million. Endeavour Silver had a return on equity of 5.55% and a net margin of 19.34%. On average, equities research analysts forecast that Endeavour Silver Corp. will post 0.05 earnings per share for the current year.

EXK has been the topic of a number of research reports. Roth Capital decreased their price target on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research note on Tuesday, September 14th. Zacks Investment Research lowered shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, November 15th. CIBC decreased their target price on shares of Endeavour Silver from C$8.25 to C$8.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 10th. HC Wainwright increased their target price on shares of Endeavour Silver from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, November 10th. Finally, TD Securities decreased their target price on shares of Endeavour Silver from C$8.00 to C$7.00 and set a “hold” rating on the stock in a research report on Wednesday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Endeavour Silver has a consensus rating of “Hold” and a consensus price target of $6.98.

About Endeavour Silver

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property, Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and Parral project in Chihuahua, Mexico.

Further Reading: Commodities

Institutional Ownership by Quarter for Endeavour Silver (NYSE:EXK)

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