Mackenzie Financial Corp Reduces Stake in Endeavour Silver Corporation (NYSE:EXK)

Key Points

• Mackenzie Financial Corp reduced its stake in Endeavour Silver Corporation by 17.7% during the first quarter, now holding approximately 972,425 shares worth $4.15 million.
• Institutional investors currently own 20.06% of Endeavour Silver's shares, with other hedge funds like Invesco Ltd. increasing their holdings significantly by 529.5% during the fourth quarter.
• Endeavour Silver's stock recently traded at $4.97, experiencing a negative net margin of 29.07% and reporting a quarterly loss of ($0.13) earnings per share, missing consensus estimates by $0.16.

Mackenzie Financial Corp reduced its position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 972,425 shares of the mining company's stock after selling 208,520 shares during the period. Mackenzie Financial Corp owned about 0.35% of Endeavour Silver worth $4,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EXK. Schroder Investment Management Group bought a new stake in Endeavour Silver during the fourth quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $43,000. Farringdon Capital Ltd. bought a new stake in Endeavour Silver in the fourth quarter worth approximately $55,000. Hohimer Wealth Management LLC lifted its stake in Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after buying an additional 2,915 shares during the period. Finally, Oxford Asset Management LLP bought a new position in shares of Endeavour Silver during the 4th quarter worth approximately $57,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

NYSE EXK traded up $0.05 during trading on Tuesday, reaching $5.26. The company's stock had a trading volume of 6,044,535 shares, compared to its average volume of 11,826,773. The firm has a fifty day moving average of $4.97 and a 200 day moving average of $4.24. Endeavour Silver Corporation has a one year low of $2.46 and a one year high of $6.04. The stock has a market capitalization of $1.52 billion, a PE ratio of -20.21 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The company had revenue of $63.50 million during the quarter, compared to analysts' expectations of $83.10 million. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. Analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXK. National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. HC Wainwright lifted their price objective on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.