Vanguard Group Inc. Acquires 3,594,123 Shares of Endeavour Silver Corporation $EXK

Vanguard Group Inc. boosted its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 83.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,899,506 shares of the mining company’s stock after acquiring an additional 3,594,123 shares during the quarter. Vanguard Group Inc. owned 2.67% of Endeavour Silver worth $74,303,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in shares of Endeavour Silver in the 4th quarter worth about $47,000. Andina Capital Management LLC purchased a new position in shares of Endeavour Silver in the 3rd quarter worth about $89,000. Swiss Life Asset Management Ltd purchased a new position in shares of Endeavour Silver in the 3rd quarter worth about $92,000. Greenberg Financial Group purchased a new position in shares of Endeavour Silver in the 4th quarter worth about $94,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Endeavour Silver in the 1st quarter worth about $100,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $10.78 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. Endeavour Silver Corporation has a fifty-two week low of $3.14 and a fifty-two week high of $15.15. The stock has a 50 day moving average price of $9.86 and a two-hundred day moving average price of $10.06. The company has a market capitalization of $3.19 billion, a P/E ratio of -134.73 and a beta of 1.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. Analysts expect that Endeavour Silver Corporation will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, May 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

About Endeavour Silver

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.