Legal & General Group Plc Acquires Shares of 281,332 Endeavour Silver Corporation $EXK

Legal & General Group Plc bought a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the second quarter, Holdings Channel.com reports. The firm bought 281,332 shares of the mining company’s stock, valued at approximately $2,334,000.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Endeavour Silver by 13.3% in the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock valued at $10,483,000 after purchasing an additional 289,096 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Endeavour Silver in the first quarter worth $100,000. Goldman Sachs Group Inc. grew its stake in Endeavour Silver by 133.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after purchasing an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Endeavour Silver by 162.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock worth $2,252,000 after purchasing an additional 326,508 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Endeavour Silver by 3.8% in the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after purchasing an additional 5,303 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $11.13 on Friday. Endeavour Silver Corporation has a fifty-two week low of $5.75 and a fifty-two week high of $15.15. The business has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $9.63. 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 market cap of $3.30 billion, a price-to-earnings ratio of 53.00 and a beta of 1.43.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on EXK. B. Riley Financial assumed coverage on shares of Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. 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, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.