Public Employees Retirement System of Ohio Acquires New Shares in Endeavour Silver Corporation $EXK

Public Employees Retirement System of Ohio bought a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 76,855 shares of the mining company’s stock, valued at approximately $639,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Schroder Investment Management Group raised its holdings in shares of Endeavour Silver by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock valued at $107,000 after purchasing an additional 887 shares in the last quarter. Quarry LP boosted its stake in shares of Endeavour Silver by 2.0% during the third quarter. Quarry LP now owns 74,258 shares of the mining company’s stock valued at $582,000 after purchasing an additional 1,490 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Endeavour Silver by 15.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company’s stock valued at $128,000 after buying an additional 1,836 shares during the period. Harbor Investment Advisory LLC increased its holdings in Endeavour Silver by 166.7% during the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after buying an additional 2,500 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Endeavour Silver by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 269,186 shares of the mining company’s stock valued at $2,537,000 after buying an additional 3,133 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Up 0.2%

Shares of Endeavour Silver stock opened at $11.15 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.30 billion, a P/E ratio of 53.12 and a beta of 1.43. The firm’s 50 day moving average price is $9.32 and its 200-day moving average price is $9.60. Endeavour Silver Corporation has a 52-week low of $5.75 and a 52-week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, sell-side analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

EXK has been the subject of a number of analyst reports. B. Riley Financial assumed coverage on Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 target price for the company. Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Finally, HC Wainwright restated a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Company 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.