Jupiter Asset Management Ltd. 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 8.72% to 5.73 million shares with purchase of 0.46 million shares. This fresh investment now brings its stake to 2.87% valued currently at $12.49 million. In addition, ETF Managers Group LLC raised its holdings by 5.45 million to 5.45 million shares. And Global X Management Co. LLC has lifted its position by 1.95% or 95852.0 shares – to 5.02 million shares.
Currently, there are 199.69M common shares owned by the public and among those 197.62M shares have been available to trade.
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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 10.86 million shares of the company’s stock, all valued at over $23.67 million. ETFMG Prime Junior Silver ETF now owns shares totaling to 2.84% of the shares outstanding.
However, the script later moved the day high at 2.1695, up 0.49%. The company’s stock has a 5-day price change of 8.38% and -20.08% over the past three months. EXK shares are trading -36.11% year to date (YTD), with the 12-month market performance down to -33.65% lower. It has a 12-month low price of $1.83 and touched a high of $4.55 over the same period. EXK has an average intraday trading volume of 3.53 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 -1.33%, -5.17%, and -30.05% respectively.
Institutional ownership of Endeavour Silver Corp. (NYSE: EXK) shares accounts for 29.55% of the company’s 199.69M shares outstanding. Mutual fund holders own 25.16%, while other institutional holders and individual stakeholders account for 4.28% and — respectively.
It has a market capitalization of $413.36M and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 35.69, while the earnings-per-share (ttm) stands at $0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.57% over the week and 5.56% over the month.
Analysts forecast that Endeavour Silver Corp. (EXK) will achieve an EPS of $0.02 for the current quarter, $0.06 for the next quarter and $0.16 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -75.00%, and 625.00% over the next financial year.
