UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $1.22 Million Position in Endeavour Silver Corporation $EXK

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 147,080 shares of the mining company’s stock, valued at approximately $1,218,000.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in Endeavour Silver during the second quarter valued at $29,000. Harbor Investment Advisory LLC boosted its holdings in Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after purchasing an additional 2,500 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after purchasing an additional 3,647 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in Endeavour Silver during the 1st quarter worth about $55,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Endeavour Silver during the 2nd quarter valued at about $85,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analyst Upgrades and Downgrades

EXK has been the subject of several analyst reports. B. Riley Financial started coverage on Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective for the company. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Finally, HC Wainwright restated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Stock Down 3.5%

EXK stock opened at $10.15 on Friday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 48.32 and a beta of 1.43. The firm has a 50-day simple moving average of $9.39 and a 200-day simple moving average of $9.59. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. Endeavour Silver Corporation has a 52 week low of $6.02 and a 52 week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly 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. The firm had revenue of $212.10 million during 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%. Equities analysts forecast 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, project development, and exploration for additional deposits.

Endeavour Silver’s operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.