Blue Trust Inc. Increases Stock Holdings in Endeavour Silver Corp. (NYSE:EXK)

Blue Trust Inc. increased its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 139.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,400 shares of the mining company’s stock after purchasing an additional 8,389 shares during the quarter. Blue Trust Inc.’s holdings in Endeavour Silver were worth $57,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hohimer Wealth Management LLC bought a new stake in Endeavour Silver in the second quarter worth about $42,000. Baader Bank Aktiengesellschaft purchased a new position in Endeavour Silver during the 2nd quarter valued at $42,000. SG Americas Securities LLC boosted its holdings in Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after acquiring an additional 7,852 shares during the period. Oxbow Advisors LLC bought a new position in Endeavour Silver in the 2nd quarter valued at $51,000. Finally, Oak Family Advisors LLC purchased a new stake in Endeavour Silver in the second quarter worth $55,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Down 4.5 %

NYSE:EXK opened at $5.05 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. Endeavour Silver Corp. has a 1-year low of $1.42 and a 1-year high of $5.67. The company has a 50-day moving average of $4.01 and a 200 day moving average of $3.72. The firm has a market cap of $1.24 billion, a PE ratio of -72.14 and a beta of 1.71.

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

Analyst Upgrades and Downgrades

EXK has been the subject of a number of recent analyst reports. HC Wainwright lowered their target price on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Alliance Global Partners upped their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, CIBC raised their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.31.

Endeavour Silver Company Profile

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.