Van Eck Associates Corp. recently announced the acquisition of new stake in Endeavour Silver Corp. (NYSE:EXK). The institutional investor has increased its shareholding in the Basic Materials company by 1.19% to 19.79 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 10.42% valued currently at $58.18 million. In addition, ETF Managers Group LLC raised its holdings by 1.49 million to 6.56 million shares. And Global X Management Co. LLC has lifted its position by 3.16% or 0.17 million shares – to 5.51 million shares.
With over 2.75 million Endeavour Silver Corp. (EXK) shares trading Tuesday and a closing price of $3.22 on the day, the dollar volume was approximately $8.85 million. The shares have shown a negative half year performance of -0.92% and its price on 03/14/23 gained nearly 3.87%. Currently, there are 190.07M common shares owned by the public and among those 188.36M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for EXK have a consensus price objective of $4.79. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $3.49. The average price target is 34.29% above its recent price level and an upside to the estimated low will see the stock gain 7.74% over that period. But an upside of 46.33% will see the stock hit the forecast high price target while median target price for the stock is $5.01.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 1,125,142 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 1,045,164 shares.
The top 3 mutual fund holders in Endeavour Silver Corp. are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and ETFMG Prime Junior Silver ETF. VanEck Gold Miners ETF owns 9.89 million shares of the company’s stock, all valued at over $29.07 million. The company bought an additional 27209.0 shares recently to bring their total holdings to about 5.20% of the shares outstanding. VanEck Junior Gold Miners ETF bought 77740.0 shares to see its total holdings expand to 8.18 million shares valued at over $24.05 million and representing 4.31% of the shares outstanding. ETFMG Prime Junior Silver ETF now owns shares totaling to 3.22% of the shares outstanding.
Shares of Endeavour Silver Corp. (NYSE: EXK) opened at $3.12, up $0.02 from a prior closing price of $3.10. However, the script later moved the day high at 3.2600, up 3.87%. The company’s stock has a 5-day price change of 12.20% and -2.42% over the past three months. EXK shares are trading -0.62% year to date (YTD), with the 12-month market performance down to -42.19% lower. It has a 12-month low price of $2.47 and touched a high of $5.78 over the same period. EXK has an average intraday trading volume of 2.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.48%, -1.44%, and -2.67% respectively.
Institutional ownership of Endeavour Silver Corp. (NYSE: EXK) shares accounts for 26.40% of the company’s 190.07M shares outstanding. Mutual fund holders own 2.42%, while other institutional holders and individual stakeholders account for 25.50% and — respectively.
It has a market capitalization of $605.10M and a beta (3y monthly) value of 1.40. The stock’s trailing 12-month PE ratio is 97.58, while the earnings-per-share (ttm) stands at $0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.22% over the week and 3.92% over the month.
Analysts forecast that Endeavour Silver Corp. (EXK) will achieve an EPS of $0.07 for the current quarter, $0.02 for the next quarter and $0.07 for 2023. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to decrease by -59.10%, and 75.71% over the next financial year.
H.C. Wainwright on their part issued Buy rating on November 22, 2019.
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