Public Employees Retirement System of Ohio Purchases New Shares in Endeavour Silver Corp. (NYSE:EXK)

Public Employees Retirement System of Ohio acquired a new position in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 66,080 shares of the mining company’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hohimer Wealth Management LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Oxbow Advisors LLC acquired a new position in shares of Endeavour Silver during the second quarter valued at approximately $51,000. Blue Trust Inc. lifted its position in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after acquiring an additional 8,389 shares in the last quarter. Rathbones Group PLC lifted its position in shares of Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Endeavour Silver in the second quarter worth approximately $83,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXK has been the topic of a number of research reports. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. HC Wainwright restated a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday. Alliance Global Partners increased their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $3.71 on Friday. The stock has a market cap of $973.21 million, a price-to-earnings ratio of -28.54 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $4.53 and a 200-day simple moving average of $4.01. Endeavour Silver Corp. has a 1-year low of $1.42 and a 1-year high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Endeavour Silver Corp. will post -0.08 EPS 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.