Walleye Capital LLC Sells 154,998 Shares of Endeavour Silver Corporation $EXK

Key Points

• Walleye Capital LLC significantly reduced its stake in Endeavour Silver Corporation by 93.2%, now holding just 11,221 shares after selling 154,998 shares in the first quarter.
• Analysts have recently raised Endeavour Silver's price targets, with CIBC increasing its target from $7.25 to $10.00 while maintaining a "neutral" rating.
• Endeavour Silver reported a quarterly loss of ($0.03) earnings per share, falling short of the expected profit of $0.01, despite revenue of $85.30 million surpassing estimates.

Walleye Capital LLC cut its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 93.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,221 shares of the mining company's stock after selling 154,998 shares during the quarter. Walleye Capital LLC's holdings in Endeavour Silver were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Endeavour Silver during the fourth quarter valued at approximately $43,000. Hohimer Wealth Management LLC boosted its holdings 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 worth $56,000 after buying an additional 2,915 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Endeavour Silver by 46,309.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock worth $61,000 after buying an additional 14,356 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Endeavour Silver in the first quarter worth approximately $90,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of 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 buying an additional 5,116 shares during the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXK has been the topic of a number of research reports. 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 report on Tuesday, July 15th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, HC Wainwright lifted their price objective on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Price Performance

Shares of EXK stock traded down $0.13 on Tuesday, reaching $5.88. The company's stock had a trading volume of 10,568,086 shares, compared to its average volume of 10,731,048. The stock's fifty day simple moving average is $5.59 and its 200-day simple moving average is $4.58. Endeavour Silver Corporation has a 1 year low of $2.87 and a 1 year high of $6.74. 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 company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -21.78 and a beta of 1.30.

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) 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 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 forecast that Endeavour Silver Corporation will post -0.07 earnings per share 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.