Sprott Inc. Boosts 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. boosted its position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 36.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,171,492 shares of the mining company's stock after acquiring an additional 585,190 shares during the period. Sprott Inc. owned 0.79% of Endeavour Silver worth $9,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hohimer Wealth Management LLC increased its position in shares of Endeavour Silver by 28.9% in 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 during the last quarter. Atria Wealth Solutions Inc. grew its position in Endeavour Silver by 23.9% during the first quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock valued at $113,000 after acquiring an additional 5,116 shares during the last quarter. Vident Advisory LLC grew its position in Endeavour Silver by 2.8% during the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock valued at $860,000 after acquiring an additional 6,441 shares during the last quarter. Cantor Fitzgerald L. P. grew its position in Endeavour Silver by 33.0% during the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock valued at $111,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Virtu Financial LLC grew its position in Endeavour Silver by 22.3% during the first quarter. Virtu Financial LLC now owns 60,284 shares of the mining company's stock valued at $257,000 after acquiring an additional 10,980 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Stock Performance

NYSE:EXK traded up $0.04 on Wednesday, hitting $5.88. The stock had a trading volume of 3,884,574 shares, compared to its average volume of 11,658,359. Endeavour Silver Corporation has a 52-week low of $2.76 and a 52-week high of $6.04. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -21.76 and a beta of 1.23. The business's 50-day simple moving average is $5.33 and its two-hundred day simple moving average is $4.43.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXK. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. CIBC increased 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. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, HC Wainwright raised their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $8.33.

Endeavour Silver 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.