Jupiter Asset Management Ltd. has recently announced that it has increased stake in Endeavour Silver Corp. (NYSE:EXK) by 8.72%. After grabbing 5.73 million shares, the institutional investor is now in possession of 0.46 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.87% having worth around $12.49 million. Moreover, ETF Managers Group LLC increased its share by 5.45 million to have a control over 5.45 million shares. And Global X Management Co. LLC raised its holdings to 95852.0 shares by acquiring 5.02 million shares or 2.51% of the stake.
Endeavour Silver Corp. (EXK) concluded trading on 12/27/23 at a closing price of $2.04, with 3.45 million shares of worth about $7.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.62% during that period and on Wednesday the price saw a gain of about 0.49%. Currently the company’s common shares owned by public are about 199.69M shares, out of which, 197.62M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the EXK stock and their offered price forecasts bring an average price target of $4.58. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.25 and could fall to a lowest price of $2.75. The stock’s current price level is 55.46% above of average price target set by the analysts, while a rise to estimated low would result in gain of 25.82% for the stock. However, touching the estimated high of $7.25 would mean a gain of 71.86% for the stock.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and ETFMG Prime Junior Silver ETF are the top 3 mutual funds which are holding stakes in Endeavour Silver Corp. VanEck Gold Miners ETF is currently holding 10.86 million shares of worth totaling $23.67 million. The company recently came buying 0.0 shares which brought its stake up to 5.44% of the company’s outstanding shares. ETFMG Prime Junior Silver ETF, after buying 5.67 million shares, have now control over 2.84% of the stake in the company. It holds 0.0 shares of worth $12.35 million.
Endeavour Silver Corp. (NYSE: EXK) started trading at $2.04, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.0750, or with a gain of 0.49%. Stock saw a price change of -1.45% in past 5 days and over the past one month there was a price change of -8.52%. Year-to-date (YTD), EXK shares are showing a performance of -37.04% which decreased to -39.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.83 but also hit the highest price of $4.55 during that period. The average intraday trading volume for Endeavour Silver Corp. shares is 3.69 million. The stock is currently trading -0.87% below its 20-day simple moving average (SMA20), while that difference is down -4.84% for SMA50 and it goes to -30.57% lower than SMA200.
Jupiter Asset Management Ltd. acquired 5.73 million shares of Endeavour Silver Corp. having value of about $12.49 million. Data submitted at the U.S SEC by Jupiter Asset Management Ltd. revealed that the firm now holds 0.46 million shares in the company valued at close to $937161.72, or have control over 8.72% stake in the company. Endeavour Silver Corp. (NYSE: EXK) currently have 199.69M outstanding shares and institutions hold larger chunk of about 29.55% of that. Holding of mutual funds in the company is about 25.25% while other institutional holders and individual stake holders have control over 4.19% and — of the stake respectively.
The stock has a current market capitalization of $407.37M and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 35.17, while it has posted earnings per share of $0.06 in the same period. It has Quick Ratio of 1.87 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXK, volatility over the week remained 4.32% while standing at 5.50% over the month.
Analysts are in expectations that Endeavour Silver Corp. (EXK) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -75.00% while it is estimated to increase by 625.00% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Endeavour Silver Corp. (EXK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 5 Wall Street analysts, 3 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
