Mackenzie Financial Corp Grows Position in Endeavour Silver Corp. (NYSE:EXK)

Mackenzie Financial Corp increased its holdings in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 995.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,180,945 shares of the mining company's stock after buying an additional 1,073,114 shares during the period. Mackenzie Financial Corp owned about 0.45% of Endeavour Silver worth $4,325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Perissos Private Wealth Management LLC raised its position in shares of Endeavour Silver by 187.0% during the 4th quarter. Perissos Private Wealth Management LLC now owns 100,455 shares of the mining company's stock worth $368,000 after buying an additional 65,455 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Endeavour Silver during the fourth quarter valued at approximately $119,000. Y Intercept Hong Kong Ltd purchased a new position in Endeavour Silver during the fourth quarter valued at approximately $203,000. Sprott Inc. grew its position in Endeavour Silver by 23.1% in the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock worth $5,809,000 after acquiring an additional 298,091 shares in the last quarter. Finally, U S Global Investors Inc. grew its position in Endeavour Silver by 21.4% in the fourth quarter. U S Global Investors Inc. now owns 425,000 shares of the mining company's stock worth $1,557,000 after acquiring an additional 75,000 shares in the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Stock Performance

Endeavour Silver stock traded up $0.05 during midday trading on Friday, reaching $3.61. The stock had a trading volume of 13,732,013 shares, compared to its average volume of 7,962,933. Endeavour Silver Corp. has a 12 month low of $2.46 and a 12 month high of $5.67. The firm's 50-day moving average price is $3.64 and its 200 day moving average price is $3.90. The firm has a market capitalization of $1.05 billion, a PE ratio of -27.77 and a beta of 1.50. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. As a group, research analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on EXK shares. Raymond James began coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating for the company. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, HC Wainwright reissued a "buy" rating and issued a $7.25 price objective on shares of Endeavour Silver in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver presently has an average rating of "Moderate Buy" and an average target price of $6.63.

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.