Hartree Partners LP Acquires New Position in Endeavour Silver Corporation $EXK

Key Points

• Hartree Partners LP has acquired a new position in Endeavour Silver Corporation, purchasing 125,698 shares valued at approximately $536,000 in the 1st quarter of this year.
• Invesco Ltd. significantly increased its investment in Endeavour Silver by 529.5% in the last quarter, holding over 2.1 million shares worth nearly $7.75 million.
• Endeavour Silver reported a quarterly loss of ($0.03) EPS, missing analyst expectations, despite revenue of $85.3 million surpassing projections.

Hartree Partners LP purchased a new position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 125,698 shares of the mining company's stock, valued at approximately $536,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hohimer Wealth Management LLC grew its stake in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after acquiring an additional 2,915 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after acquiring an additional 5,116 shares during the period. Vident Advisory LLC grew its stake in shares of Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock worth $860,000 after acquiring an additional 6,441 shares during the period. Cantor Fitzgerald L. P. grew its stake in shares of Endeavour Silver by 33.0% during the 4th quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock worth $111,000 after acquiring an additional 7,500 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of Endeavour Silver by 22.3% during the 1st quarter. Virtu Financial LLC now owns 60,284 shares of the mining company's stock worth $257,000 after acquiring an additional 10,980 shares during the period. Institutional investors own 20.06% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EXK. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. CIBC increased their price objective on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Finally, National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. 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 Price Performance

Shares of NYSE:EXK traded up $0.09 on Wednesday, hitting $5.93. The company's stock had a trading volume of 6,712,578 shares, compared to its average volume of 11,679,016. The company has a 50-day simple moving average of $5.33 and a 200 day simple moving average of $4.43. Endeavour Silver Corporation has a 1 year low of $2.76 and a 1 year high of $6.04. The company has a market capitalization of $1.72 billion, a PE ratio of -21.94 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 released its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $85.30 million during the quarter, compared to analysts' expectations of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. Sell-side analysts forecast that Endeavour Silver Corporation will post -0.07 EPS 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.