Deutsche Bank AG Invests $10.19 Million in Endeavour Silver Corporation $EXK

Key Points

• Deutsche Bank acquired 1.23 million shares of Endeavour Silver in the second quarter, worth approximately $10.19 million and representing 0.42% of the company. Institutional investors collectively own 20.06% of the stock.
• Analyst opinions remain mixed, but the overall consensus is “Moderate Buy”, with an average price target of $14.50. Price targets from bullish analysts range from $14 to $17, while other firms maintain hold or sell ratings.
• Endeavour Silver reported quarterly earnings of $0.15 per share, matching estimates, and revenue of $212.1 million, slightly above expectations. Shares opened at $10.63, compared with a 52-week range of $5.52 to $15.15.

Deutsche Bank AG purchased a new stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,230,895 shares of the mining company's stock, valued at approximately $10,192,000. Deutsche Bank AG owned 0.42% of Endeavour Silver at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. N.E.W. Advisory Services LLC purchased a new position in Endeavour Silver in the second quarter worth $29,000. Harbor Investment Advisory LLC lifted its holdings in Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company's stock valued at $33,000 after acquiring an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company's stock worth $43,000 after purchasing an additional 3,647 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Endeavour Silver during the 1st quarter worth $55,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Endeavour Silver during the 2nd quarter worth $85,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research note on Friday, July 17th. Zacks Research raised shares of Endeavour Silver from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. B. Riley Financial started coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They set a "buy" rating and a $14.00 price target for the company. HC Wainwright reissued a "buy" rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Endeavour Silver from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.50.

Endeavour Silver Trading Up 0.1%

NYSE:EXK opened at $10.63 on Monday. The company has a market capitalization of $3.15 billion, a PE ratio of 50.62 and a beta of 1.35. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. Endeavour Silver Corporation has a 52-week low of $5.52 and a 52-week high of $15.15. The stock has a fifty day simple moving average of $8.66 and a 200-day simple moving average of $9.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $212.10 million for the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, equities research analysts expect that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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