Abbington Investment Group Acquires Shares of 375,552 Endeavour Silver Corporation $EXK

Abbington Investment Group bought a new stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 375,552 shares of the mining company’s stock, valued at approximately $2,944,000. Endeavour Silver accounts for 2.5% of Abbington Investment Group’s investment portfolio, making the stock its 15th biggest holding. Abbington Investment Group owned approximately 0.13% of Endeavour Silver as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EXK. B. Riley Wealth Advisors Inc. acquired a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $613,000. Azarias Capital Management L.P. purchased a new position in Endeavour Silver during the second quarter worth approximately $5,606,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Endeavour Silver by 583.3% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock worth $812,000 after buying an additional 140,870 shares during the last quarter. Intact Investment Management Inc. boosted its stake in Endeavour Silver by 202.0% during the second quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after buying an additional 415,200 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Endeavour Silver by 843.5% in the 2nd quarter. XTX Topco Ltd now owns 254,085 shares of the mining company’s stock valued at $1,250,000 after buying an additional 227,154 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

EXK has been the subject of a number of recent analyst reports. B. Riley raised their price target on shares of Endeavour Silver from $7.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. CIBC raised Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target on the stock in a research note on Monday, November 3rd. Zacks Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Buy” and an average price target of $12.67.

Endeavour Silver Price Performance

Shares of EXK opened at $9.78 on Friday. The company has a market cap of $2.89 billion, a P/E ratio of -28.75 and a beta of 1.23. Endeavour Silver Corporation has a fifty-two week low of $2.95 and a fifty-two week high of $10.60. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $8.76 and its 200 day moving average price is $7.21.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. The company had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million. On average, research analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

About Endeavour Silver

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.