TD Asset Management Inc Increases Stock Holdings in Endeavour Silver Corporation (NYSE:EXK)

Key Points

• TD Asset Management Inc increased its stake in Endeavour Silver Corporation by 12.1% during the first quarter, now owning approximately 3.7 million shares valued at $15.87 million.
• Institutional investors' overall ownership in Endeavour Silver is 20.06%, with multiple firms significantly boosting their stakes in recent quarters.
• Endeavour Silver reported a loss of $0.13 per share for the latest quarter, falling short of analysts' expectations, with revenues of $63.5 million against an anticipated $83.1 million.

TD Asset Management Inc boosted its position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,718,933 shares of the mining company's stock after purchasing an additional 401,394 shares during the quarter. TD Asset Management Inc owned approximately 1.35% of Endeavour Silver worth $15,865,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EXK. Tidal Investments LLC raised its holdings in Endeavour Silver by 52.9% in the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after purchasing an additional 3,869,920 shares in the last quarter. Millennium Management LLC bought a new position in Endeavour Silver in the fourth quarter worth $7,930,000. American Century Companies Inc. raised its holdings in Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock worth $9,728,000 after purchasing an additional 1,937,150 shares in the last quarter. Invesco Ltd. raised its holdings in Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after purchasing an additional 1,780,405 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Endeavour Silver by 995.2% in the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company's stock worth $4,325,000 after purchasing an additional 1,073,114 shares in the last quarter. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock traded down $0.10 during trading on Friday, hitting $4.97. 8,303,966 shares of the company's stock traded hands, compared to its average volume of 11,920,664. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. Endeavour Silver Corporation has a 1 year low of $2.46 and a 1 year high of $6.04. The stock has a market capitalization of $1.44 billion, a P/E ratio of -19.12 and a beta of 1.50. The business has a 50-day simple moving average of $4.91 and a 200-day simple moving average of $4.21.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. The business had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. As a group, analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. CIBC increased their price objective on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Wall Street Zen upgraded Endeavour Silver from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Finally, HC Wainwright raised their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Endeavour Silver 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.