National Bank of Canada FI Raises Stock Holdings in Endeavour Silver Corporation $EXK

Key Points

• The National Bank of Canada FI increased its holdings in Endeavour Silver Corporation by 23.0%, acquiring an additional 103,353 shares during the 1st quarter, bringing its total ownership to 553,406 shares valued at approximately $2.36 million.
• Endeavour Silver reported a loss of ($0.03) EPS for the last quarter, missing the consensus estimate by ($0.04), despite revenue exceeding expectations at $85.3 million.
• Analyst ratings for Endeavour Silver vary, with a consensus rating of "Buy" and an average target price of $8.33, while some analysts have downgraded the stock and one issued a "sell" rating.

National Bank of Canada FI grew its position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 23.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 553,406 shares of the mining company's stock after buying an additional 103,353 shares during the quarter. National Bank of Canada FI owned 0.20% of Endeavour Silver worth $2,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXK. Bank of America Corp DE grew its holdings in shares of Endeavour Silver by 239.2% during the 4th quarter. Bank of America Corp DE now owns 256,399 shares of the mining company's stock valued at $938,000 after purchasing an additional 180,800 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Endeavour Silver by 5,119.2% during the 4th quarter. Deutsche Bank AG now owns 416,856 shares of the mining company's stock valued at $1,526,000 after purchasing an additional 408,869 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Endeavour Silver by 82.4% during the 4th quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company's stock worth $677,000 after acquiring an additional 83,600 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Endeavour Silver during the 4th quarter worth approximately $732,000. Finally, Two Sigma Investments LP grew its holdings in Endeavour Silver by 88.4% during the 4th quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock worth $2,664,000 after acquiring an additional 341,468 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Stock Down 2.2%

Shares of Endeavour Silver stock traded down $0.1250 during trading on Tuesday, reaching $5.4450. 3,286,171 shares of the company traded hands, compared to its average volume of 11,776,914. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. Endeavour Silver Corporation has a 1-year low of $2.76 and a 1-year high of $6.04. The company has a 50 day moving average price of $5.25 and a 200-day moving average price of $4.37. The firm has a market capitalization of $1.58 billion, a PE ratio of -20.17 and a beta of 1.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data 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). The business had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. As a group, equities research analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXK has been the topic of a number of research reports. HC Wainwright boosted their target price on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a report on Wednesday, July 9th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Sunday. CIBC upped their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Three 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $8.33.

Endeavour Silver Company 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.