PKO Investment Management Joint Stock Co Purchases Shares of 137,000 Endeavour Silver Corporation $EXK

PKO Investment Management Joint Stock Co purchased a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 1st quarter, Holdings Channel.com reports. The fund purchased 137,000 shares of the mining company’s stock, valued at approximately $1,276,000.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Endeavour Silver by 389.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after buying an additional 3,647 shares during the last quarter. Signaturefd LLC purchased a new position in Endeavour Silver during the fourth quarter valued at approximately $47,000. Greenberg Financial Group acquired a new position in Endeavour Silver in the fourth quarter valued at approximately $94,000. Renaissance Technologies LLC acquired a new position in Endeavour Silver in the fourth quarter valued at approximately $96,000. Finally, Franklin Resources Inc. acquired a new position in Endeavour Silver in the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EXK shares. Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Stock Performance

NYSE EXK opened at $8.55 on Tuesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -106.92 and a beta of 1.28. The stock has a 50-day moving average of $9.40 and a 200 day moving average of $10.25. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Endeavour Silver Corporation has a twelve month low of $4.53 and a twelve month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Sell-side analysts anticipate that Endeavour Silver Corporation will post 0.63 EPS 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.