Endeavour Silver Corporation $EXK Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its holdings in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 846,377 shares of the mining company’s stock after selling 312,478 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Endeavour Silver were worth $7,273,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Wellington Altus USA Inc. purchased a new stake in Endeavour Silver in the second quarter worth $147,000. Engineers Gate Manager LP boosted its stake in shares of Endeavour Silver by 8.1% during the second quarter. Engineers Gate Manager LP now owns 162,566 shares of the mining company’s stock valued at $1,346,000 after purchasing an additional 12,245 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Endeavour Silver during the second quarter valued at $53,000. Amundi boosted its stake in shares of Endeavour Silver by 66.3% during the second quarter. Amundi now owns 54,341 shares of the mining company’s stock valued at $450,000 after purchasing an additional 21,658 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Endeavour Silver by 223.5% in the second quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company’s stock worth $29,000 after purchasing an additional 2,418 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Down 3.5%

EXK traded down $0.29 during trading on Tuesday, hitting $8.24. 5,982,486 shares of the stock were exchanged, compared to its average volume of 9,483,642. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. The firm has a 50 day simple moving average of $9.93 and a 200 day simple moving average of $9.28. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 39.26 and a beta of 1.41. Endeavour Silver Corporation has a 1 year low of $6.60 and a 1 year high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. The business had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $210.79 million. As a group, equities analysts expect that Endeavour Silver Corporation will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Citigroup cut shares of Endeavour Silver to a “market perform” rating in a research report on Friday. HC Wainwright restated a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a research note on Friday. Finally, B. Riley Financial assumed coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They issued a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development and operation of silver-gold properties. The company produces silver and gold concentrates and related mineral products from underground mining and milling operations.

Endeavour Silver’s operations and mineral projects are located primarily in Mexico. Its principal assets have included the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato, along with the Terronera project in Jalisco.