Parvin Asset Management LLC Acquires Shares of 318,275 Endeavour Silver Corporation $EXK

Parvin Asset Management LLC acquired a new stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the second quarter, HoldingsChannel reports. The fund acquired 318,275 shares of the mining company’s stock, valued at approximately $2,635,000. Endeavour Silver makes up about 2.1% of Parvin Asset Management LLC’s holdings, making the stock its 4th largest holding.

A number of other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after purchasing an additional 3,005,563 shares during the period. Van ECK Associates Corp grew its holdings in Endeavour Silver by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company’s stock worth $92,071,000 after acquiring an additional 261,196 shares during the period. Vanguard Group Inc. raised its position in Endeavour Silver by 83.5% in the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company’s stock worth $74,303,000 after acquiring an additional 3,594,123 shares in the last quarter. Condire Management LP raised its position in Endeavour Silver by 50.1% in the fourth quarter. Condire Management LP now owns 4,503,543 shares of the mining company’s stock worth $42,333,000 after acquiring an additional 1,503,543 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Endeavour Silver by 42.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock valued at $28,574,000 after acquiring an additional 910,378 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Down 1.9%

Shares of EXK opened at $10.88 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $9.66. Endeavour Silver Corporation has a 1-year low of $5.63 and a 1-year high of $15.15. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 51.81 and a beta of 1.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced 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 firm had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. Equities analysts forecast that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EXK shares. Wall Street Zen cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. B. Riley Financial started coverage on shares of Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday, July 9th. 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 stock. According to MarketBeat.com, the stock 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.