KCG Holdings Inc. lowered its stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 31.6% during the first quarter, Holdings Channel reports. The institutional investor owned 54,551 shares of the mining company’s stock after selling 25,168 shares during the period. KCG Holdings Inc.’s holdings in Endeavour Silver Corporation were worth $173,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of EXK. Van ECK Associates Corp boosted its position in shares of Endeavour Silver Corporation by 32.5% in the first quarter. Van ECK Associates Corp now owns 20,341,055 shares of the mining company’s stock valued at $64,685,000 after buying an additional 4,989,578 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Endeavour Silver Corporation by 15.2% in the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock valued at $4,804,000 after buying an additional 199,276 shares in the last quarter. UBS Group AG boosted its position in shares of Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock valued at $2,363,000 after buying an additional 102,656 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Endeavour Silver Corporation by 912.4% in the first quarter. Bank of Montreal Can now owns 112,460 shares of the mining company’s stock valued at $358,000 after buying an additional 101,352 shares in the last quarter. Finally, Sprott Inc. boosted its position in shares of Endeavour Silver Corporation by 18.6% in the first quarter. Sprott Inc. now owns 500,759 shares of the mining company’s stock valued at $1,592,000 after buying an additional 78,436 shares in the last quarter. 32.15% of the stock is owned by hedge funds and other institutional investors.
Endeavour Silver Corporation (NYSE:EXK) traded down 2.62% during trading on Monday, reaching $2.23. The company’s stock had a trading volume of 477,788 shares. Endeavour Silver Corporation has a 52 week low of $2.21 and a 52 week high of $5.95. The firm has a 50-day moving average price of $2.99 and a 200-day moving average price of $3.38. The firm has a market capitalization of $283.88 million, a P/E ratio of 35.40 and a beta of -0.01.
EXK has been the subject of several research reports. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver Corporation in a report on Friday, April 14th. Zacks Investment Research raised Endeavour Silver Corporation from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Wednesday, May 3rd. TheStreet raised Endeavour Silver Corporation from a “d” rating to a “c-” rating in a research report on Tuesday, May 30th. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Endeavour Silver Corporation in a research report on Tuesday, July 4th. Finally, ValuEngine downgraded Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.71.
About Endeavour Silver Corporation
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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