Endeavour Silver Corp. (NYSE:EXK) Stock Position Lifted by XTX Topco Ltd

XTX Topco Ltd raised its stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 768.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,911 shares of the mining company’s stock after buying an additional 89,288 shares during the quarter. XTX Topco Ltd’s holdings in Endeavour Silver were worth $355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Endeavour Silver in the fourth quarter worth $30,000. MCIA Inc acquired a new position in Endeavour Silver in the 1st quarter worth about $34,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Hohimer Wealth Management LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter valued at about $42,000. Finally, SG Americas Securities LLC grew its stake in shares of Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 4.1 %

Shares of NYSE:EXK opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The stock’s 50-day moving average is $3.49 and its 200-day moving average is $3.32. The company has a market cap of $1.05 billion, a P/E ratio of -214.50 and a beta of 1.70. Endeavour Silver Corp. has a 52-week low of $1.42 and a 52-week high of $5.02.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The business had revenue of $58.30 million during the quarter, compared to analyst estimates of $62.01 million. During the same period last year, the business earned $0.01 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. HC Wainwright cut their price objective on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Alliance Global Partners lifted their price objective on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. CIBC increased their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets began coverage on Endeavour Silver in a report on Monday, June 17th. They set an “outperform” rating and a $6.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.13.

About Endeavour Silver

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.