Cambridge Investment Research Advisors Inc. Grows Holdings in Endeavour Silver Corporation (NYSE:EXK)

Cambridge Investment Research Advisors Inc. increased its position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,604 shares of the mining company’s stock after purchasing an additional 12,660 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Endeavour Silver were worth $361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new position in Endeavour Silver during the fourth quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Endeavour Silver in the fourth quarter valued at about $43,000. Farringdon Capital Ltd. purchased a new position in Endeavour Silver in the fourth quarter valued at about $55,000. Oxford Asset Management LLP purchased a new position in Endeavour Silver in the fourth quarter valued at about $57,000. Finally, Two Sigma Securities LLC purchased a new position in Endeavour Silver in the fourth quarter valued at about $85,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXK has been the topic of a number of research analyst reports. HC Wainwright boosted their target price on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Friday, May 23rd. National Bank Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Thursday, June 12th. Finally, Raymond James Financial initiated coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $7.50.

Endeavour Silver Stock Up 7.0%

EXK opened at $5.82 on Friday. The company has a 50 day moving average of $4.31 and a 200 day moving average of $4.03. The company has a market cap of $1.69 billion, a PE ratio of -22.38 and a beta of 1.50. Endeavour Silver Corporation has a 12 month low of $2.46 and a 12 month high of $5.87. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $63.50 million during the quarter, compared to the consensus estimate of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. On average, sell-side analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Endeavour Silver Profile

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