MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Endeavour Silver Corporation $EXK

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Endeavour Silver Corporation by 11.5%, purchasing 680,802 shares, bringing its total ownership to 6,622,735 shares, valued at approximately $28.28 million.
• Endeavour Silver reported a quarterly loss with an EPS of ($0.03), missing analysts' expectations, despite revenues of $85.30 million.
• Analysts have varied ratings on Endeavour Silver, with some raising price targets, the highest being $10.00, reflecting a generally optimistic outlook despite recent performance challenges.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 11.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,622,735 shares of the mining company's stock after acquiring an additional 680,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.40% of Endeavour Silver worth $28,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Endeavour Silver in the fourth quarter worth about $43,000. Hohimer Wealth Management LLC boosted its holdings in Endeavour Silver by 28.9% in 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 during the period. Caitong International Asset Management Co. Ltd grew its stake in Endeavour Silver by 46,309.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock valued at $61,000 after buying an additional 14,356 shares in the last quarter. Quarry LP purchased a new position in Endeavour Silver in the 1st quarter valued at approximately $82,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in Endeavour Silver during the 1st quarter valued at $90,000. Institutional investors own 20.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EXK shares. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. CIBC boosted their price objective on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. HC Wainwright lifted their target price on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Price Performance

Shares of NYSE EXK traded up $0.08 during midday trading on Friday, hitting $6.21. 9,239,490 shares of the company's stock were exchanged, compared to its average volume of 11,716,220. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The business's fifty day moving average price is $5.63 and its two-hundred day moving average price is $4.60. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -22.98 and a beta of 1.30. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month high of $6.74.

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 analysts' consensus estimates of $0.01 by ($0.04). The company 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%. As a group, research 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.