American Century Companies Inc. Boosts Stock Holdings in Endeavour Silver Corporation $EXK

Key Points

• American Century Companies Inc. increased its stake in Endeavour Silver Corporation by 12.9% during the first quarter, acquiring an additional 342,419 shares and bringing its total to approximately 2.99 million shares.
• Several hedge funds have also adjusted their positions, with Renaissance Technologies LLC raising its stake by 82.4% in the fourth quarter, reflecting growing institutional interest in Endeavour Silver.
• Despite a revenue of $85.3 million, Endeavour Silver reported a loss of ($0.03) earnings per share for the last quarter, missing analysts' expectations and highlighting challenges in profitability.

American Century Companies Inc. increased its holdings in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,999,992 shares of the mining company's stock after acquiring an additional 342,419 shares during the quarter. American Century Companies Inc. owned approximately 1.09% of Endeavour Silver worth $12,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hohimer Wealth Management LLC grew its holdings in Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Endeavour Silver by 23.9% in the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock valued at $113,000 after acquiring an additional 5,116 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock valued at $860,000 after acquiring an additional 6,441 shares in the last quarter. Cantor Fitzgerald L. P. lifted its position in shares of Endeavour Silver by 33.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock valued at $111,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Endeavour Silver by 22.3% in the first quarter. Virtu Financial LLC now owns 60,284 shares of the mining company's stock valued at $257,000 after acquiring an additional 10,980 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Trading Down 1.1%

Endeavour Silver stock traded down $0.07 during mid-day trading on Thursday, hitting $5.88. The company's stock had a trading volume of 9,961,174 shares, compared to its average volume of 9,583,387. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average is $5.37 and its two-hundred day moving average is $4.45. Endeavour Silver Corporation has a 1 year low of $2.76 and a 1 year high of $6.07. The firm has a market capitalization of $1.70 billion, a PE ratio of -21.76 and a beta of 1.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The firm had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. On average, analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXK shares. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. HC Wainwright increased their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, CIBC increased their price target on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Endeavour Silver currently has an average rating of "Buy" and a consensus price target 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.