Endeavour Silver Corporation $EXK Stock Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 71.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,200 shares of the mining company’s stock after selling 748,000 shares during the quarter. U S Global Investors Inc.’s holdings in Endeavour Silver were worth $2,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at $20,040,000. Renaissance Technologies LLC increased its stake in shares of Endeavour Silver by 18,554.9% in the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock worth $17,715,000 after purchasing an additional 1,892,600 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Endeavour Silver by 121.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company’s stock valued at $21,535,000 after purchasing an additional 1,268,035 shares during the last quarter. Deutsche Bank AG bought a new position in Endeavour Silver during the second quarter valued at $10,192,000. Finally, Man Group plc bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $5,371,000. Institutional investors own 20.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperform” rating to a “hold” rating in a report on Tuesday, September 22nd. Citigroup downgraded Endeavour Silver to a “market perform” rating in a research report on Friday, October 9th. HC Wainwright reiterated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a research note on Friday, October 9th. Weiss Ratings upgraded Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Endeavour Silver currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Stock Down 8.1%

Shares of Endeavour Silver stock opened at $7.64 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. Endeavour Silver Corporation has a 1 year low of $6.60 and a 1 year high of $15.15. The firm’s 50-day moving average is $9.68 and its two-hundred day moving average is $9.22. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 22.46 and a beta of 1.41.

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. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. The business had revenue of $212.10 million for the quarter, compared to the consensus estimate of $210.79 million. As a group, research analysts expect that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company’s activities include underground mining, mineral processing and exploration aimed at expanding its resource base and extending the life of its operations.

Endeavour Silver has historically operated in Mexico, with its principal assets including the Guanaceví mine in Durango and the Bolañitos mining district in Guanajuato.