FNY Investment Advisers LLC Acquires New Shares in Endeavour Silver Corporation $EXK

FNY Investment Advisers LLC bought a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,000 shares of the mining company’s stock, valued at approximately $246,000.

A number of other large investors have also added to or reduced their stakes in EXK. Invesco Ltd. grew its position in Endeavour Silver by 56.0% in the 1st quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company’s stock worth $14,098,000 after purchasing an additional 1,185,100 shares during the period. Azarias Capital Management L.P. bought a new stake in Endeavour Silver in the 2nd quarter worth approximately $5,606,000. Goldman Sachs Group Inc. grew its position 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 worth $5,590,000 after purchasing an additional 747,556 shares during the period. TD Asset Management Inc grew its position in Endeavour Silver by 19.9% in the 2nd quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock worth $21,927,000 after purchasing an additional 740,046 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Endeavour Silver by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company’s stock worth $28,279,000 after purchasing an additional 680,802 shares during the period. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Down 0.8%

Shares of EXK stock opened at $8.03 on Thursday. Endeavour Silver Corporation has a 1 year low of $2.95 and a 1 year high of $10.37. The firm has a fifty day moving average price of $6.99 and a 200-day moving average price of $5.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -29.72 and a beta of 1.29.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The business had revenue of $85.30 million for the quarter, compared to the consensus estimate of $81.48 million. As a group, equities analysts predict that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. CIBC lifted their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, National Bankshares reissued an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.88.

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.