Connor Clark & Lunn Investment Management Ltd. Boosts Position in Endeavour Silver Corporation $EXK

Connor Clark & Lunn Investment Management Ltd. lifted its position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,454,734 shares of the mining company’s stock after buying an additional 643,641 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.88% of Endeavour Silver worth $26,895,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXK. Hohimer Wealth Management LLC increased its holdings in Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock worth $56,000 after acquiring an additional 2,915 shares during the period. TD Asset Management Inc grew its position in shares of Endeavour Silver by 12.1% during the 1st quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company’s stock valued at $15,865,000 after purchasing an additional 401,394 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Endeavour Silver by 129.7% in 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 period. Alberta Investment Management Corp bought a new position in shares of Endeavour Silver in the first quarter worth $576,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of Endeavour Silver by 23.9% in the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company’s stock worth $113,000 after buying an additional 5,116 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on EXK shares. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. National Bankshares reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. CIBC raised shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target for the company in a research note on Monday, November 3rd. Finally, HC Wainwright increased their price target on shares of Endeavour Silver from $9.75 to $11.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $13.50.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $7.21 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. Endeavour Silver Corporation has a 52-week low of $2.95 and a 52-week high of $10.37. The company has a fifty day moving average of $7.51 and a 200-day moving average of $5.71. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -26.71 and a beta of 1.27.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The business had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million. Equities research analysts expect 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.