SG Americas Securities LLC Decreases Position in Endeavour Silver Corporation $EXK

SG Americas Securities LLC cut its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 72.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,960 shares of the mining company’s stock after selling 110,563 shares during the period. SG Americas Securities LLC’s holdings in Endeavour Silver were worth $400,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 buying an additional 3,005,563 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Endeavour Silver by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock valued at $92,071,000 after acquiring an additional 261,196 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Endeavour Silver by 83.5% in the 4th 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. Condire Management LP lifted its stake in shares of Endeavour Silver by 50.1% in the 4th quarter. Condire Management LP now owns 4,503,543 shares of the mining company’s stock valued at $42,333,000 after acquiring an additional 1,503,543 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 910,378 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, HC Wainwright restated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Trading Up 6.6%

NYSE EXK opened at $8.23 on Friday. Endeavour Silver Corporation has a fifty-two week low of $4.91 and a fifty-two week high of $15.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. The stock has a 50 day simple moving average of $9.00 and a two-hundred day simple moving average of $10.17. The stock has a market cap of $2.44 billion, a P/E ratio of -102.81 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued 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 positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. On average, analysts forecast that Endeavour Silver Corporation will post 0.63 earnings per share for the current year.

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.