Deutsche Bank AG Cuts Stock Holdings in Endeavour Silver Corporation $EXK

Key Points

• Deutsche Bank AG has reduced its stake in Endeavour Silver Corporation by 25.9%, selling 108,031 shares and owning 308,825 shares at the end of the first quarter, valued at approximately $1.32 million.
• Recent reports from analysts give Endeavour Silver a consensus rating of "Buy", with price targets ranging up to $10.00 from various institutions.
• Endeavour Silver reported a quarterly earnings miss with a loss of ($0.03) EPS, despite revenues of $85.3 million, which exceeded estimates of $81.48 million.

Deutsche Bank AG lessened its position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 25.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,825 shares of the mining company's stock after selling 108,031 shares during the period. Deutsche Bank AG owned 0.11% of Endeavour Silver worth $1,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Hohimer Wealth Management LLC grew its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after buying an additional 2,915 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after buying an additional 5,116 shares during the period. Vident Advisory LLC grew its position in shares of Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock worth $860,000 after buying an additional 6,441 shares during the period. Cantor Fitzgerald L. P. grew its position in shares of Endeavour Silver by 33.0% during the 4th quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock worth $111,000 after buying an additional 7,500 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $43,000. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Stock Up 6.5%

NYSE EXK traded up $0.38 during mid-day trading on Friday, hitting $6.27. The company's stock had a trading volume of 11,682,692 shares, compared to its average volume of 9,673,242. The company's 50 day simple moving average is $5.40 and its 200 day simple moving average is $4.47. Endeavour Silver Corporation has a twelve month low of $2.76 and a twelve month 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 price-to-earnings ratio of -23.22 and a beta of 1.23.

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

Analyst Ratings Changes

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

Endeavour Silver 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.