Erste Asset Management GmbH Acquires Shares of 84,500 Endeavour Silver Corporation $EXK

Erste Asset Management GmbH acquired a new stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 84,500 shares of the mining company’s stock, valued at approximately $808,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Endeavour Silver by 38.1% during the 3rd 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 purchasing an additional 3,005,563 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Endeavour Silver by 83.5% during the 4th quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock valued at $74,303,000 after purchasing an additional 3,594,123 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Endeavour Silver by 42.8% during the 4th quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock valued at $28,574,000 after purchasing an additional 910,378 shares during the last quarter. Condire Management LP boosted its holdings in shares of Endeavour Silver by 200.0% during the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock valued at $23,520,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Endeavour Silver during the 3rd quarter valued at about $20,225,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $7.41 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. Endeavour Silver Corporation has a 1-year low of $4.53 and a 1-year high of $15.15. The firm has a market capitalization of $2.19 billion, a P/E ratio of -92.58 and a beta of 1.28. The company’s 50-day moving average is $9.53 and its 200 day moving average is $10.24.

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

Analyst Ratings Changes

A number of brokerages recently commented on EXK. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently 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.