Endeavour Silver Corporation $EXK Shares Purchased by Groupe la Francaise

Groupe la Francaise boosted its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 44.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 866,000 shares of the mining company’s stock after purchasing an additional 266,000 shares during the quarter. Groupe la Francaise’s holdings in Endeavour Silver were worth $8,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after buying an additional 4,056,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Endeavour Silver by 38.1% in 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 acquiring an additional 3,005,563 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Endeavour Silver in the 3rd quarter valued at about $20,225,000. Condire Management LP raised its position 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 worth $23,520,000 after acquiring an additional 2,000,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Endeavour Silver by 18,554.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock worth $17,715,000 after acquiring an additional 1,892,600 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EXK shares. Wall Street Zen cut Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, HC Wainwright restated a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. 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 Stock Down 3.3%

Shares of NYSE EXK opened at $7.51 on Friday. The business has a 50-day moving average price of $8.36 and a 200 day moving average price of $9.94. The stock has a market cap of $2.23 billion, a PE ratio of 35.78 and a beta of 1.33. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. Endeavour Silver Corporation has a 52-week low of $4.91 and a 52-week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Endeavour Silver had a return on equity of 18.48% and a net margin of 9.30%.The company had revenue of $212.10 million for the quarter, compared to analyst estimates of $210.79 million. Equities research analysts forecast that Endeavour Silver Corporation will post 0.64 earnings per share for the current year.

Endeavour Silver 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.