Rathbones Group PLC Raises Holdings in Endeavour Silver Corp. (NYSE:EXK)

Rathbones Group PLC raised its holdings in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 58.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,950 shares of the mining company’s stock after purchasing an additional 8,500 shares during the period. Rathbones Group PLC’s holdings in Endeavour Silver were worth $81,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Perritt Capital Management Inc boosted its stake in Endeavour Silver by 11.6% during the 2nd quarter. Perritt Capital Management Inc now owns 235,825 shares of the mining company’s stock valued at $830,000 after purchasing an additional 24,533 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Endeavour Silver in the 2nd quarter worth $589,000. Choreo LLC purchased a new position in shares of Endeavour Silver in the 2nd quarter worth $122,000. Caprock Group LLC purchased a new position in shares of Endeavour Silver in the 2nd quarter worth $493,000. Finally, Oxbow Advisors LLC purchased a new position in shares of Endeavour Silver in the 2nd quarter worth $51,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Price Performance

NYSE:EXK opened at $3.59 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $3.61 and its two-hundred day simple moving average is $3.25. The stock has a market cap of $882.66 million, a PE ratio of -179.50 and a beta of 1.70. Endeavour Silver Corp. has a 52 week low of $1.42 and a 52 week high of $5.02.

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 analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. Endeavour Silver’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. As a group, analysts forecast that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Endeavour Silver 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.