Walleye Capital LLC Reduces Holdings in 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 trimmed its stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 93.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hartree Partners LP bought a new stake in shares of Endeavour Silver during the 1st quarter valued at $536,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Endeavour Silver during the 1st quarter valued at $630,000. Groupe la Francaise raised its stake in shares of Endeavour Silver by 28.6% during the 1st quarter. Groupe la Francaise now owns 450,000 shares of the mining company's stock valued at $2,039,000 after purchasing an additional 100,000 shares during the period. Sprott Inc. raised its stake in shares of Endeavour Silver by 36.9% during the 1st quarter. Sprott Inc. now owns 2,171,492 shares of the mining company's stock valued at $9,270,000 after purchasing an additional 585,190 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Endeavour Silver during the 1st quarter valued at $90,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Price Performance

Shares of EXK traded up $0.02 during midday trading on Friday, reaching $6.15. The stock had a trading volume of 15,812,807 shares, compared to its average volume of 10,336,267. The company's 50-day moving average is $5.65 and its 200 day moving average is $4.62. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month 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 $1.80 billion, a price-to-earnings ratio of -22.76 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $81.48 million. On average, equities analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXK. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Wall Street Zen upgraded Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, CIBC upped their target price on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $8.33.

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.