Endeavour Silver Corporation $EXK Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,622,735 shares of the mining company's stock after buying an additional 680,802 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.40% of Endeavour Silver worth $28,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Endeavour Silver during the fourth quarter valued at approximately $43,000. Hohimer Wealth Management LLC grew its position in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after purchasing an additional 2,915 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Endeavour Silver by 46,309.7% during 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 during the 1st quarter valued at approximately $82,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Endeavour Silver in the 1st quarter worth approximately $90,000. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Stock Down 2.2%

Endeavour Silver stock traded down $0.13 during midday trading on Tuesday, reaching $5.88. The company's stock had a trading volume of 10,568,086 shares, compared to its average volume of 10,731,048. The business has a 50-day simple moving average of $5.59 and a 200-day simple moving average of $4.58. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. Endeavour Silver Corporation has a fifty-two week low of $2.87 and a fifty-two week high of $6.74. The company has a market cap of $1.72 billion, a P/E ratio of -21.78 and a beta of 1.30.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $85.30 million for the quarter, compared to analysts' expectations of $81.48 million. On average, research analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXK has been the subject of a number of research analyst reports. CIBC raised their price target on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. HC Wainwright boosted their target price on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research note 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 analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average 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.