Millennium Management LLC Sells 2,612,250 Shares of Endeavour Silver Corp. (NYSE:EXK)

Millennium Management LLC lessened its holdings in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 68.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,203,796 shares of the mining company’s stock after selling 2,612,250 shares during the quarter. Millennium Management LLC’s holdings in Endeavour Silver were worth $4,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. XTX Topco Ltd raised its position in shares of Endeavour Silver by 768.2% in the second quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock worth $355,000 after buying an additional 89,288 shares in the last quarter. Perissos Private Wealth Management LLC raised its position in shares of Endeavour Silver by 58.2% in the second quarter. Perissos Private Wealth Management LLC now owns 47,683 shares of the mining company’s stock worth $168,000 after buying an additional 17,550 shares in the last quarter. Rathbones Group PLC raised its position in shares of Endeavour Silver by 58.8% in the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares in the last quarter. Perritt Capital Management Inc raised its position in shares of Endeavour Silver by 11.6% in the second quarter. Perritt Capital Management Inc now owns 235,825 shares of the mining company’s stock worth $830,000 after buying an additional 24,533 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Endeavour Silver in the second quarter worth $589,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXK. CIBC increased their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Alliance Global Partners raised their price target on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BMO Capital Markets began coverage on Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, HC Wainwright lowered their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.06.

Endeavour Silver Trading Up 0.2 %

NYSE EXK opened at $4.36 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -218.00 and a beta of 1.71. The stock’s 50-day simple moving average is $3.46 and its two-hundred day simple moving average is $3.49. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. Endeavour Silver Corp. has a twelve month low of $1.42 and a twelve month high of $5.02.

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

Endeavour Silver Company 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.