Endeavour Silver Corporation $EXK Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Endeavour Silver Corporation by 129.7% in Q1, now owning approximately 0.24% of the company valued at $2.77 million.
• Several institutional investors also adjusted their positions, contributing to the 20.06% ownership of Endeavour Silver stock by hedge funds and other institutions.
• Endeavour Silver reported a quarterly loss of ($0.03) EPS, missing analysts' estimates, although revenue of $85.30 million surpassed expectations.

LPL Financial LLC lifted its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 129.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 648,822 shares of the mining company's stock after purchasing an additional 366,302 shares during the period. LPL Financial LLC owned approximately 0.24% of Endeavour Silver worth $2,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hohimer Wealth Management LLC lifted its stake in shares of Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares during the period. Vident Advisory LLC lifted its stake in shares of Endeavour Silver by 2.8% in the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock valued at $860,000 after purchasing an additional 6,441 shares during the period. Cantor Fitzgerald L. P. lifted its stake in shares of Endeavour Silver by 33.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock valued at $111,000 after purchasing an additional 7,500 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $43,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Endeavour Silver by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock valued at $361,000 after acquiring an additional 12,660 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Analyst Ratings Changes

EXK has been the subject of several recent research reports. CIBC raised their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. HC Wainwright raised their target price on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday. Finally, National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Stock Performance

Shares of NYSE EXK opened at $5.56 on Monday. The company has a market cap of $1.61 billion, a PE ratio of -20.59 and a beta of 1.23. Endeavour Silver Corporation has a 12 month low of $2.76 and a 12 month high of $6.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. The company has a 50-day simple moving average of $5.23 and a 200-day simple moving average of $4.36.

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) 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%. On average, equities analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current 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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