Intact Investment Management Inc. Trims Holdings in Endeavour Silver Corporation $EXK

Key Points

• Intact Investment Management Inc. trimmed its stake in Endeavour Silver (NYSE:EXK) by 44.4%, selling 297,200 shares and leaving it with 371,900 shares valued at about $3.50 million per its latest 13F filing.
• Other institutions significantly increased positions—MIRAE, Vanguard (now 7.9M shares, ~$74.3M), Alps and Condire all added shares—and roughly 20.06% of the stock is held by hedge funds and institutional investors.
• Endeavour missed Q4 expectations with lower revenue and EPS, has negative margins and ROE, its stock is down ~1.4% (market cap ~$2.69B), and analysts hold a consensus "Moderate Buy" rating with a $14.50 price target.

Intact Investment Management Inc. reduced its holdings in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 44.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 371,900 shares of the mining company's stock after selling 297,200 shares during the quarter. Intact Investment Management Inc. owned 0.13% of Endeavour Silver worth $3,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company's stock valued at $85,474,000 after buying an additional 3,005,563 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Endeavour Silver by 83.5% during the 4th quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company's stock valued at $74,303,000 after buying an additional 3,594,123 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Endeavour Silver by 113.9% during the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company's stock valued at $34,965,000 after buying an additional 2,374,365 shares during the last quarter. Condire Management LP raised its position in shares of Endeavour Silver by 200.0% during the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company's stock valued at $23,520,000 after acquiring an additional 2,000,000 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Endeavour Silver during the 3rd quarter valued at approximately $20,225,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Stock Down 1.4%

Shares of Endeavour Silver stock opened at $9.08 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.41. The business's 50 day simple moving average is $10.31 and its 200-day simple moving average is $9.97. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -21.61 and a beta of 1.26. Endeavour Silver Corporation has a twelve month low of $3.14 and a twelve month high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%.The company had revenue of $172.60 million during the quarter, compared to analyst estimates of $227.99 million. Equities research analysts forecast that Endeavour Silver Corporation will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXK. Weiss Ratings reissued a "sell (d-)" rating on shares of Endeavour Silver in a research report on Monday, April 20th. BMO Capital Markets reissued an "outperform" rating on shares of Endeavour Silver in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Raymond James Financial reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded shares of Endeavour Silver from a "strong sell" rating to a "hold" rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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