135,000 Shares in Endeavour Silver Corporation (NYSE:EXK) Bought by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 135,000 shares of the mining company’s stock, valued at approximately $576,000.

Several other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in Endeavour Silver by 129.7% during the first quarter. LPL Financial LLC now owns 648,822 shares of the mining company’s stock worth $2,770,000 after purchasing an additional 366,302 shares during the last quarter. TD Asset Management Inc increased its position in Endeavour Silver by 12.1% in the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company’s stock worth $15,865,000 after buying an additional 401,394 shares during the period. Hohimer Wealth Management LLC increased its position in Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock worth $56,000 after buying an additional 2,915 shares during the period. Alps Advisors Inc. increased its position in Endeavour Silver by 599.6% in the first quarter. Alps Advisors Inc. now owns 757,522 shares of the mining company’s stock worth $3,235,000 after buying an additional 649,246 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Endeavour Silver in the first quarter worth $1,490,000. 20.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EXK shares. CIBC increased their target price on Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. National Bankshares reaffirmed an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Wall Street Zen raised Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, HC Wainwright raised their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a “buy” rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $8.33.

Endeavour Silver Price Performance

Shares of EXK opened at $5.20 on Tuesday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -20.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.14. Endeavour Silver Corporation has a one year low of $2.46 and a one year high of $6.04. The stock’s fifty day moving average is $4.97 and its 200-day moving average is $4.24.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The business had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. Equities analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current 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.