Invesco Ltd. Raises Stock Position in Endeavour Silver Corporation $EXK

Key Points

• Invesco Ltd. increased its stake in Endeavour Silver Corporation by 56%, acquiring an additional 1,185,100 shares to hold approximately 1.20% of the company, valued at around $14 million.
• Endeavour Silver reported a quarterly loss of ($0.03) per share, missing analyst estimates, despite revenues of $85.30 million surpassing expectations.
• Multiple analysts perceive positive potential for Endeavour Silver, with HC Wainwright upping their price target from $7.25 to $8.75 and the stock currently holding an average rating of "Buy".

Invesco Ltd. lifted its holdings in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 56.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,301,752 shares of the mining company's stock after purchasing an additional 1,185,100 shares during the period. Invesco Ltd. owned about 1.20% of Endeavour Silver worth $14,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Endeavour Silver during the 4th quarter worth approximately $43,000. Hohimer Wealth Management LLC increased its stake in 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 buying an additional 2,915 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in Endeavour Silver during the 4th quarter worth approximately $57,000. Two Sigma Securities LLC purchased a new stake in Endeavour Silver during the 4th quarter worth approximately $85,000. Finally, Parvin Asset Management LLC purchased a new stake in Endeavour Silver during the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Stock Performance

Shares of EXK traded up $0.04 during mid-day trading on Wednesday, hitting $5.88. 4,462,394 shares of the company's stock were exchanged, compared to its average volume of 11,664,728. Endeavour Silver Corporation has a fifty-two week low of $2.76 and a fifty-two week high of $6.04. The firm has a market capitalization of $1.70 billion, a P/E ratio of -21.76 and a beta of 1.23. The business's 50 day moving average is $5.33 and its two-hundred day moving average is $4.43. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

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 for the quarter, missing the consensus estimate 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 business had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. On average, equities analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. HC Wainwright boosted their target price on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Finally, CIBC increased their target price on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Profile

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.