Connor Clark & Lunn Investment Management Ltd. Has $23.86 Million Stake in Endeavour Silver Corp. (NYSE:EXK)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 122.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,515,836 shares of the mining company's stock after buying 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 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EXK. Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver in the 4th quarter valued at approximately $37,000. Geode Capital Management LLC increased its stake in Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company's stock valued at $460,000 after acquiring an additional 10,543 shares during the last quarter. National Bank of Canada FI raised its position in Endeavour Silver by 3.4% during the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company's stock valued at $1,788,000 after purchasing an additional 15,075 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Endeavour Silver by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company's stock worth $556,000 after purchasing an additional 19,200 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Endeavour Silver in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 20.06% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. HC Wainwright lifted their price target on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a "buy" rating in a report on Wednesday, March 12th. Finally, TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $6.63.

Endeavour Silver Trading Up 1.8 %

Shares of Endeavour Silver stock traded up $0.09 on Monday, hitting $4.81. The stock had a trading volume of 8,520,070 shares, compared to its average volume of 6,664,185. The stock has a 50 day moving average of $3.87 and a 200 day moving average of $4.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver Corp. has a twelve month low of $2.02 and a twelve month high of $5.67. The firm has a market capitalization of $1.26 billion, a P/E ratio of -36.96 and a beta of 1.55.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Sell-side analysts expect that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal 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.