14,500 Shares in Endeavour Silver Corp. (NYSE:EXK) Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC bought a new position in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,500 shares of the mining company’s stock, valued at approximately $51,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Endeavour Silver by 126.3% in the second quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after acquiring an additional 13,657,121 shares during the period. Jupiter Asset Management Ltd. increased its position in shares of Endeavour Silver by 60.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after purchasing an additional 4,046,065 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Endeavour Silver in the 1st quarter worth approximately $19,008,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after buying an additional 188,787 shares during the last quarter. Finally, TD Asset Management Inc bought a new stake in Endeavour Silver during the second quarter valued at approximately $9,452,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Trading Down 5.0 %

Shares of EXK stock opened at $2.85 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The stock has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $3.15. The firm has a market capitalization of $700.72 million, a PE ratio of -142.50 and a beta of 1.70. Endeavour Silver Corp. has a 52-week low of $1.42 and a 52-week high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The business had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $62.01 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, analysts predict that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Alliance Global Partners increased their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BMO Capital Markets started coverage on Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price on the stock. HC Wainwright reduced their price target on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, CIBC lifted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.13.

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.