Endeavour Silver Corporation $EXK Shares Bought 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 grew its stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 129.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Endeavour Silver by 239.2% during the 4th quarter. Bank of America Corp DE now owns 256,399 shares of the mining company's stock worth $938,000 after purchasing an additional 180,800 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Endeavour Silver by 5,119.2% during the 4th quarter. Deutsche Bank AG now owns 416,856 shares of the mining company's stock worth $1,526,000 after purchasing an additional 408,869 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Endeavour Silver by 82.4% during the 4th quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company's stock worth $677,000 after purchasing an additional 83,600 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Endeavour Silver during the 4th quarter worth $732,000. Finally, Two Sigma Investments LP boosted its position in shares of Endeavour Silver by 88.4% during the 4th quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock worth $2,664,000 after purchasing an additional 341,468 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. HC Wainwright boosted their target price 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. CIBC boosted their target price 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 Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. 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 investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $8.33.

Endeavour Silver Trading Up 2.2%

Shares of Endeavour Silver stock traded up $0.1250 during mid-day trading on Friday, hitting $5.7550. 12,410,194 shares of the stock were exchanged, compared to its average volume of 9,471,956. Endeavour Silver Corporation has a twelve month low of $2.76 and a twelve month high of $6.04. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -21.31 and a beta of 1.23. The company has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $4.41. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

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

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.