Alberta Investment Management Corp Purchases Shares of 135,000 Endeavour Silver Corporation (NYSE:EXK)

Key Points

• Alberta Investment Management Corp acquired 135,000 shares of Endeavour Silver, valued at approximately $576,000, indicating strong institutional interest in the company.
• Analyst ratings are optimistic, with an average rating of "Buy" and a target price of $8.33, driven by multiple upgrades from firms like HC Wainwright and CIBC.
• Endeavour Silver reported a negative EPS of ($0.13) for the last quarter, missing expectations, alongside a revenue of $63.50 million, which fell short of analysts' forecasts.

Alberta Investment Management Corp bought a new position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 135,000 shares of the mining company's stock, valued at approximately $576,000.

A number of other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Endeavour Silver in the fourth quarter worth $321,000. LPL Financial LLC increased its position in Endeavour Silver by 1.0% in the 4th quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock valued at $1,034,000 after acquiring an additional 2,661 shares during the period. Schroder Investment Management Group acquired a new position in Endeavour Silver during the fourth quarter worth about $36,000. ExodusPoint Capital Management LP acquired a new stake in Endeavour Silver in the 4th quarter worth about $217,000. Finally, Invesco Ltd. increased its stake in shares of Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after buying an additional 1,780,405 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Price Performance

NYSE:EXK traded up $0.02 during trading hours on Friday, hitting $5.42. 7,993,283 shares of the stock traded hands, compared to its average volume of 11,779,944. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -20.79 and a beta of 1.23. Endeavour Silver Corporation has a 1 year low of $2.46 and a 1 year high of $6.04. The stock has a 50 day moving average price of $5.07 and a 200 day moving average price of $4.27.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The firm had revenue of $63.50 million during the quarter, compared to analysts' expectations of $83.10 million. Sell-side analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on EXK. CIBC lifted their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Company Profile

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.