TD Asset Management Inc Buys 401,394 Shares of 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 grew its position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 12.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,718,933 shares of the mining company's stock after acquiring an additional 401,394 shares during the period. TD Asset Management Inc owned about 1.35% of Endeavour Silver worth $15,865,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in 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 acquiring an additional 3,869,920 shares in the last quarter. Millennium Management LLC bought a new position in Endeavour Silver in the 4th quarter valued at approximately $7,930,000. American Century Companies Inc. lifted its position in Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock valued at $9,728,000 after acquiring an additional 1,937,150 shares in the last quarter. Invesco Ltd. lifted its position in Endeavour Silver by 529.5% in the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock valued at $7,747,000 after acquiring an additional 1,780,405 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Endeavour Silver by 995.2% in the 4th quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company's stock valued at $4,325,000 after acquiring an additional 1,073,114 shares in the last quarter. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Stock Performance

Shares of NYSE:EXK traded down $0.10 during midday trading on Friday, hitting $4.97. The company had a trading volume of 8,303,966 shares, compared to its average volume of 9,256,474. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -19.12 and a beta of 1.23. Endeavour Silver Corporation has a 12-month low of $2.46 and a 12-month high of $6.04. The company has a fifty day moving average of $4.93 and a two-hundred day moving average of $4.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The business had revenue of $63.50 million during the quarter, compared to analysts' expectations of $83.10 million. On average, equities research analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Analyst Ratings Changes

EXK has been the topic of several analyst reports. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, CIBC boosted their target price 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of "Buy" and a consensus price target 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.