Man Group plc Invests $5.37 Million in Endeavour Silver Corporation $EXK

Man Group plc acquired a new stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the second quarter, HoldingsChannel reports. The firm acquired 648,617 shares of the mining company’s stock, valued at approximately $5,371,000.

A number of other large investors have also modified their holdings of the company. Millennium Management LLC lifted its position in Endeavour Silver by 13.3% in the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after purchasing an additional 289,096 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Endeavour Silver in the 1st quarter valued at $100,000. Goldman Sachs Group Inc. increased its holdings in Endeavour Silver by 133.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after buying an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Endeavour Silver by 162.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after buying an additional 326,508 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Endeavour Silver by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock valued at $714,000 after buying an additional 5,303 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXK has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. HC Wainwright reissued a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, July 9th. B. Riley Financial started coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price target for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Endeavour Silver currently has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Performance

Shares of NYSE:EXK opened at $10.78 on Monday. The business’s fifty day moving average price is $8.86 and its two-hundred day moving average price is $9.65. Endeavour Silver Corporation has a fifty-two week low of $5.75 and a fifty-two week high of $15.15. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 51.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $212.10 million during the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. As a group, analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.

Endeavour Silver Profile

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.