Groupe la Francaise Has $2.04 Million Holdings in Endeavour Silver Corporation $EXK

Key Points

• Groupe la Francaise increased its stake in Endeavour Silver Corporation by 28.6% during the first quarter, holding 450,000 shares valued at approximately $2.04 million.
• Several large investors have also raised their stakes, with Tidal Investments LLC increasing its ownership by 52.9% to own over 11 million shares valued at around $40.91 million.
• Endeavour Silver reported a loss of ($0.03) earnings per share for the last quarter, missing analysts' expectations, while also recording a revenue of $85.30 million.

Groupe la Francaise grew its stake in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 28.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,000 shares of the mining company's stock after purchasing an additional 100,000 shares during the quarter. Groupe la Francaise owned approximately 0.16% of Endeavour Silver worth $2,039,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Endeavour Silver during the fourth quarter valued at approximately $43,000. Hohimer Wealth Management LLC boosted its position in shares of Endeavour Silver by 28.9% during 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 period. Caitong International Asset Management Co. Ltd boosted its position in shares of Endeavour Silver by 46,309.7% during 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 period. Oxford Asset Management LLP acquired a new position in shares of Endeavour Silver during the fourth quarter worth approximately $57,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Endeavour Silver during the first quarter worth approximately $90,000. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Price Performance

Shares of NYSE:EXK traded down $0.07 on Thursday, reaching $5.88. 9,961,174 shares of the company traded hands, compared to its average volume of 11,668,635. Endeavour Silver Corporation has a fifty-two week low of $2.76 and a fifty-two week high of $6.07. The company's 50 day moving average is $5.37 and its 200-day moving average is $4.45. The stock has a market capitalization of $1.70 billion, a PE ratio of -21.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its 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 net margin of 28.49% and a negative return on equity of 0.62%. The firm had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. As a group, analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EXK shares. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. CIBC boosted their price objective on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. HC Wainwright boosted their price objective on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average 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.