Choreo LLC Acquires New Shares in Endeavour Silver Corp. (NYSE:EXK)

Choreo LLC bought a new position in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,102 shares of the mining company’s stock, valued at approximately $122,000.

Several other institutional investors also recently bought and sold shares of the stock. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Baader Bank Aktiengesellschaft acquired a new stake in Endeavour Silver in the 2nd quarter worth approximately $42,000. MCIA Inc bought a new stake in Endeavour Silver during the first quarter worth approximately $34,000. Oxbow Advisors LLC acquired a new position in Endeavour Silver during the second quarter valued at approximately $51,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $30,000. 20.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EXK shares. HC Wainwright decreased their price objective on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a report on Friday, August 2nd. BMO Capital Markets initiated coverage on shares of Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 price target for the company. CIBC lifted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Alliance Global Partners increased their target price on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.13.

Endeavour Silver Stock Up 2.8 %

Shares of EXK opened at $3.70 on Friday. Endeavour Silver Corp. has a 52 week low of $1.42 and a 52 week high of $5.02. The firm has a market capitalization of $909.70 million, a P/E ratio of -185.00 and a beta of 1.70. The company has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The firm had revenue of $58.30 million during the quarter, compared to analyst estimates of $62.01 million. During the same period last year, the company earned $0.01 EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.