Sprott Inc. Has $9.27 Million Holdings in Endeavour Silver Corporation $EXK

Key Points

• Sprott Inc. increased its holdings in Endeavour Silver Corporation by 36.9% during the first quarter, now owning approximately 2.17 million shares valued at $9.27 million.
• Endeavour Silver reported a loss of ($0.03) earnings per share for the quarter, missing analysts' expectations, despite achieving revenue of $85.30 million.
• Investment analysts have mixed ratings on Endeavour Silver, with three giving it a "Strong Buy" rating and the average price target set at $8.33.

Sprott Inc. raised its position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 36.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,171,492 shares of the mining company's stock after purchasing an additional 585,190 shares during the quarter. Sprott Inc. owned 0.79% of Endeavour Silver worth $9,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC raised its stake in shares of Endeavour Silver by 52.9% in the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after purchasing an additional 3,869,920 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Endeavour Silver by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,941,933 shares of the mining company's stock valued at $21,748,000 after purchasing an additional 288,166 shares during the period. TD Asset Management Inc increased its position in shares of Endeavour Silver by 12.1% in the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock valued at $15,865,000 after acquiring an additional 401,394 shares during the last quarter. Invesco Ltd. increased its position in shares of Endeavour Silver by 56.0% in the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock valued at $14,098,000 after acquiring an additional 1,185,100 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Endeavour Silver by 12.9% in the first quarter. American Century Companies Inc. now owns 2,999,992 shares of the mining company's stock valued at $12,810,000 after acquiring an additional 342,419 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Stock Performance

Endeavour Silver stock traded up $0.1250 during midday trading on Friday, reaching $5.7550. 12,410,194 shares of the company's stock were exchanged, compared to its average volume of 9,656,041. Endeavour Silver Corporation has a 52 week low of $2.76 and a 52 week high of $6.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -21.31 and a beta of 1.23. The stock's 50-day simple moving average is $5.30 and its 200 day simple moving average is $4.41.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on EXK shares. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. HC Wainwright lifted their target price on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. 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, Endeavour Silver presently has a consensus rating of "Buy" and a consensus target price 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.