Versor Investments LP Acquires Shares of 48,600 Endeavour Silver Corp. (NYSE:EXK)

Posted by on Aug 11th, 2023

Versor Investments LP acquired a new stake in Endeavour Silver Corp. (NYSE:EXK – Free Report) (TSE:EDR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,600 shares of the mining company’s stock, valued at approximately $188,000.

Several other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Endeavour Silver by 49.1% in the first quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock worth $43,000 after acquiring an additional 2,971 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Endeavour Silver by 4.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,152 shares of the mining company’s stock valued at $259,000 after buying an additional 3,214 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Endeavour Silver by 35.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,018 shares of the mining company’s stock valued at $55,000 after buying an additional 4,491 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Endeavour Silver by 8.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 69,000 shares of the mining company’s stock valued at $209,000 after buying an additional 5,500 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in Endeavour Silver by 12.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 67,982 shares of the mining company’s stock valued at $219,000 after buying an additional 7,400 shares in the last quarter. 27.69% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

EXK opened at $2.99 on Friday. The stock’s 50-day moving average price is $3.15 and its 200 day moving average price is $3.38. Endeavour Silver Corp. has a 12-month low of $2.47 and a 12-month high of $4.55. The company has a current ratio of 3.02, a quick ratio of 2.51 and a debt-to-equity ratio of 0.02. The firm has a market cap of $571.66 million, a price-to-earnings ratio of -298.00 and a beta of 1.44.

Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last posted its earnings results on Tuesday, August 8th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Endeavour Silver had a return on equity of 3.32% and a net margin of 0.48%. The firm had revenue of $50.00 million for the quarter, compared to analyst estimates of $53.01 million. During the same period in the previous year, the company posted ($0.02) EPS. As a group, sell-side analysts expect that Endeavour Silver Corp. will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

EXK has been the subject of several analyst reports. Alliance Global Partners upped their target price on Endeavour Silver from $5.25 to $5.75 and gave the company a “buy” rating in a report on Tuesday, April 18th. TD Securities decreased their price target on Endeavour Silver from C$5.50 to C$5.00 in a research note on Wednesday. StockNews.com began coverage on Endeavour Silver in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, HC Wainwright decreased their price target on Endeavour Silver from $8.00 to $7.75 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Endeavour Silver presently has an average rating of “Moderate Buy” and a consensus price target of $6.04.

Check Out Our Latest Stock Analysis on Endeavour Silver

Endeavour Silver Company Profile

(Free Report)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.

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

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