International Assets Investment Management LLC Invests $1.77 Million in Endeavour Silver Corporation $EXK

International Assets Investment Management LLC bought a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 184,753 shares of the mining company’s stock, valued at approximately $1,774,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after acquiring an additional 4,056,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Endeavour Silver by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after purchasing an additional 3,005,563 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Endeavour Silver during the 3rd quarter worth $20,225,000. Condire Management LP lifted its position in shares of Endeavour Silver by 200.0% during the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Endeavour Silver during the 3rd quarter worth $14,146,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Shares of EXK stock opened at $8.10 on Monday. The stock’s 50-day moving average is $8.99 and its two-hundred day moving average is $10.15. 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 1 year low of $4.91 and a 1 year high of $15.15. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -101.17 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results 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. The business had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Analysts predict that Endeavour Silver Corporation will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXK. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a report 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 issued a $17.00 price target on shares of Endeavour Silver in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Endeavour Silver presently has a consensus rating of “Moderate Buy” and an average 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.