Squarepoint Ops LLC Lowers Stock Holdings in Endeavour Silver Corporation $EXK

Key Points

• Squarepoint Ops LLC cut its Endeavour Silver stake by 90% in the second quarter, selling 287,330 shares and retaining 31,819 shares valued at approximately $263,000.
• Institutional sentiment was mixed: Amundi and TD Waterhouse increased their positions, while several firms initiated new stakes. Hedge funds and other institutions collectively own 20.06% of Endeavour Silver.
• Analyst views remain generally positive, with a consensus “Moderate Buy” rating and a $14.50 target price, although recent downgrades to neutral or hold introduce some caution. Shares opened at $9.28, while the company reported quarterly EPS of $0.15 and revenue of $212.1 million.

Squarepoint Ops LLC reduced its holdings in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 90.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,819 shares of the mining company's stock after selling 287,330 shares during the quarter. Squarepoint Ops LLC's holdings in Endeavour Silver were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Amundi lifted its holdings in shares of Endeavour Silver by 66.3% during the 2nd quarter. Amundi now owns 54,341 shares of the mining company's stock worth $450,000 after acquiring an additional 21,658 shares during the period. TD Waterhouse Canada Inc. increased its position in Endeavour Silver by 223.5% during the second quarter. TD Waterhouse Canada Inc. now owns 3,500 shares of the mining company's stock worth $29,000 after purchasing an additional 2,418 shares during the last quarter. Headlands Technologies LLC purchased a new position in Endeavour Silver during the second quarter worth approximately $200,000. GTS Securities LLC purchased a new position in Endeavour Silver during the second quarter worth approximately $156,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $1,218,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXK has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce downgraded Endeavour Silver from an "outperform" rating to a "neutral" rating in a report on Tuesday. HC Wainwright reissued a "buy" rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. Wall Street Zen lowered Endeavour Silver from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Endeavour Silver from a "sell (d-)" rating to a "hold (c)" rating in a report on Tuesday. Finally, B. Riley Financial began coverage on Endeavour Silver in a research note on Monday, August 3rd. They issued a "buy" rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

Endeavour Silver Stock Performance

Shares of NYSE:EXK opened at $9.28 on Thursday. The business's 50-day simple moving average is $9.69 and its 200 day simple moving average is $9.40. The company has a market cap of $2.75 billion, a P/E ratio of 44.20 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97. Endeavour Silver Corporation has a one year low of $6.60 and a one year high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. On average, sell-side analysts forecast that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development, and operation of silver-gold properties. The company's activities include underground mining, mineral processing, project development, and exploration for additional deposits.

Endeavour Silver's operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.

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