BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Takes Position in Endeavour Silver Corporation $EXK

Key Points

• British Columbia Investment Management Corp acquired a new stake in Endeavour Silver Corporation valued at approximately $630,000, representing about 0.05% of the company's shares.
• Endeavour Silver reported a quarterly EPS of ($0.03), missing analysts' expectations, while its revenue was approximately $85.30 million.
• Several hedge funds increased their stakes in Endeavour Silver during the first quarter, indicating strong institutional interest in the company.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 147,715 shares of the mining company's stock, valued at approximately $630,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.05% of Endeavour Silver at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC lifted its position in shares of Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after buying an additional 3,869,920 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Endeavour Silver by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company's stock worth $21,748,000 after buying an additional 288,166 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Endeavour Silver by 12.1% in the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock worth $15,865,000 after buying an additional 401,394 shares during the last quarter. Invesco Ltd. lifted its position in shares of Endeavour Silver by 56.0% in the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock worth $14,098,000 after buying an additional 1,185,100 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Endeavour Silver by 12.9% in the first quarter. American Century Companies Inc. now owns 2,999,992 shares of the mining company's stock worth $12,810,000 after buying an additional 342,419 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Wall Street Analysts Forecast Growth

EXK has been the subject of several research analyst reports. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. CIBC boosted their price objective on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Stock Performance

EXK traded up $0.38 on Friday, hitting $6.27. 11,682,692 shares of the stock traded hands, compared to its average volume of 9,673,242. Endeavour Silver Corporation has a 52 week low of $2.76 and a 52 week high of $6.29. 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 firm has a market capitalization of $1.82 billion, a PE ratio of -23.22 and a beta of 1.23. The business has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $4.47.

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

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.