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

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,933,900 shares of the mining company’s stock after selling 1,001,000 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Endeavour Silver were worth $11,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of EXK. B. Riley Wealth Advisors Inc. lifted its stake in shares of Endeavour Silver by 9.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Endeavour Silver by 61.6% during the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares in the last quarter. Rathbones Group PLC grew its position in shares of Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares during the last quarter. Finally, Hohimer Wealth Management LLC bought a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $42,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Price Performance

Shares of NYSE EXK opened at $4.50 on Friday. Endeavour Silver Corp. has a 52 week low of $1.42 and a 52 week high of $5.67. The business’s 50 day moving average price is $4.47 and its 200 day moving average price is $3.92. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.11 billion, a P/E ratio of -34.62 and a beta of 1.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same quarter last year, the company posted ($0.04) earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on EXK. HC Wainwright lifted their price target on shares of Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. Finally, Alliance Global Partners lifted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

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.