Montrusco Bolton Investments Inc. Decreases Stock Position in Endeavour Silver Corporation $EXK

Montrusco Bolton Investments Inc. lessened its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,282,097 shares of the mining company’s stock after selling 120,295 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.43% of Endeavour Silver worth $11,925,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Endeavour Silver by 389.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after purchasing an additional 3,647 shares during the last quarter. Signaturefd LLC purchased a new stake in Endeavour Silver during the 4th quarter worth approximately $47,000. Swiss Life Asset Management Ltd purchased a new stake in Endeavour Silver during the 3rd quarter worth approximately $92,000. Greenberg Financial Group purchased a new stake in Endeavour Silver during the 4th quarter worth approximately $94,000. Finally, Renaissance Technologies LLC acquired a new position in Endeavour Silver during the 4th quarter valued at approximately $96,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $8.55 on Friday. Endeavour Silver Corporation has a twelve month low of $4.75 and a twelve month high of $15.15. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.53 billion, a PE ratio of -106.87 and a beta of 1.33. The company’s 50 day moving average is $9.12 and its 200 day moving average is $10.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. The business had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $200.41 million. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. On average, sell-side analysts forecast that Endeavour Silver Corporation will post 0.63 EPS 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.