Credit Suisse AG Sells 8,710 Shares of Endeavour Silver Corp. (NYSE:EXK)

Credit Suisse AG reduced its holdings in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,004 shares of the mining company’s stock after selling 8,710 shares during the quarter. Credit Suisse AG’s holdings in Endeavour Silver were worth $795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG grew its stake in shares of Endeavour Silver by 38.7% during the 2nd quarter. Deutsche Bank AG now owns 303,884 shares of the mining company’s stock worth $1,860,000 after acquiring an additional 84,835 shares in the last quarter. Grand Central Investment Group grew its stake in shares of Endeavour Silver by 43.3% during the 2nd quarter. Grand Central Investment Group now owns 48,435 shares of the mining company’s stock worth $296,000 after acquiring an additional 14,635 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Endeavour Silver by 24.3% during the 1st quarter. Geode Capital Management LLC now owns 38,654 shares of the mining company’s stock worth $191,000 after acquiring an additional 7,560 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Endeavour Silver by 10.0% during the 2nd quarter. Van ECK Associates Corp now owns 19,202,975 shares of the mining company’s stock worth $117,522,000 after acquiring an additional 1,746,204 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Endeavour Silver by 80.0% during the 2nd quarter. Renaissance Technologies LLC now owns 610,700 shares of the mining company’s stock worth $3,737,000 after acquiring an additional 271,500 shares in the last quarter. 26.02% of the stock is owned by institutional investors.

EXK stock opened at $5.10 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.97 and a quick ratio of 4.03. The company has a fifty day moving average price of $4.80 and a two-hundred day moving average price of $5.37. Endeavour Silver Corp. has a one year low of $3.25 and a one year high of $7.76. The stock has a market cap of $869.35 million, a price-to-earnings ratio of 24.29 and a beta of 1.40.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Monday, November 8th. The mining company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). Endeavour Silver had a return on equity of 5.55% and a net margin of 19.34%. The company had revenue of $34.56 million for the quarter, compared to the consensus estimate of $40.63 million. Research analysts anticipate that Endeavour Silver Corp. will post 0.05 EPS for the current fiscal year.

Several equities analysts recently weighed in on EXK shares. BMO Capital Markets raised their target price on shares of Endeavour Silver from C$5.25 to C$6.00 and gave the company a “market perform” rating in a research note on Wednesday, November 10th. Zacks Investment Research cut shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, November 15th. CIBC decreased their target price on shares of Endeavour Silver from C$8.25 to C$8.00 and set a “neutral” rating for the company in a research note on Wednesday, November 10th. Roth Capital decreased their target price on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a research note on Tuesday, September 14th. Finally, TD Securities decreased their target price on shares of Endeavour Silver from C$8.00 to C$7.00 and set a “hold” rating for the company in a research note on Wednesday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.98.

About Endeavour Silver

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property, Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and Parral project in Chihuahua, Mexico.

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Institutional Ownership by Quarter for Endeavour Silver (NYSE:EXK)

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