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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC boosted 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 worth $56,000 after purchasing an additional 2,915 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Endeavour Silver by 23.9% in the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after purchasing an additional 5,116 shares during the last quarter. Vident Advisory LLC boosted its holdings in Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock worth $860,000 after purchasing an additional 6,441 shares during the last quarter. Cantor Fitzgerald L. P. boosted its holdings in Endeavour Silver by 33.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock worth $111,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Endeavour Silver in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EXK shares. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. HC Wainwright increased their price target on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. CIBC increased their price target 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. Finally, Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $8.33.

Endeavour Silver Stock Up 2.2%

Shares of EXK stock opened at $5.7550 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -21.31 and a beta of 1.23. Endeavour Silver Corporation has a one year low of $2.76 and a one year high of $6.04. The company's fifty day moving average price is $5.30 and its 200-day moving average price is $4.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65.

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

About Endeavour Silver

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.

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