Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Endeavour Silver Corp. (NYSE:EXK)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 122.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,515,836 shares of the mining company’s stock after purchasing an additional 3,581,936 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 2.48% of Endeavour Silver worth $23,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Alpha Cubed Investments LLC purchased a new stake in Endeavour Silver in the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in Endeavour Silver in the 4th quarter worth approximately $73,000. Virtu Financial LLC purchased a new stake in Endeavour Silver in the 3rd quarter worth approximately $80,000. Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver during the 3rd quarter valued at $100,000. Finally, Walleye Capital LLC purchased a new stake in shares of Endeavour Silver during the 3rd quarter valued at $111,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EXK shares. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday. HC Wainwright raised their price objective on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Price Performance

EXK stock opened at $4.71 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of -36.19 and a beta of 1.55. Endeavour Silver Corp. has a 52 week low of $2.02 and a 52 week high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm’s fifty day moving average is $3.85 and its 200 day moving average is $4.03.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Research analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share 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.