Connor Clark & Lunn Investment Management Ltd. Sells 1,001,000 Shares of Endeavour Silver Corp. (NYSE:EXK)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 25.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,933,900 shares of the mining company's stock after selling 1,001,000 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.19% of Endeavour Silver worth $11,583,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXK. Quest Partners LLC purchased a new stake in shares of Endeavour Silver in the 3rd quarter valued at about $964,000. Van ECK Associates Corp boosted its holdings in shares of Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company's stock worth $98,994,000 after purchasing an additional 658,215 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Endeavour Silver during the 3rd quarter valued at about $1,382,000. Blue Trust Inc. lifted its position in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock worth $57,000 after buying an additional 8,389 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Endeavour Silver by 53.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company's stock worth $416,000 after buying an additional 41,300 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on EXK shares. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. HC Wainwright boosted their target price on Endeavour Silver from $6.00 to $7.25 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Alliance Global Partners increased their price target 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. Finally, StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver currently has an average rating of "Moderate Buy" and a consensus target price of $6.63.

Endeavour Silver Stock Performance

EXK traded down $0.04 during mid-day trading on Friday, reaching $4.46. 5,565,763 shares of the company traded hands, compared to its average volume of 5,556,074. The stock has a market capitalization of $1.10 billion, a P/E ratio of -34.62 and a beta of 1.67. 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 company's fifty day moving average price is $4.49 and its 200-day moving average price is $3.93. Endeavour Silver Corp. has a 52-week low of $1.42 and a 52-week high of $5.67.

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

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.