TD Asset Management Inc Raises Position in Endeavour Silver Corporation $EXK

Key Points

• TD Asset Management Inc has increased its stake in Endeavour Silver Corporation by 19.9%, owning 4,458,979 shares valued at approximately $21.9 million following the purchase of an additional 740,046 shares in Q2.
• Wall Street analysts have mixed ratings on Endeavour Silver, with a consensus rating of "Moderate Buy" and an average target price of $8.67, reflecting varying opinions on the company's performance.
• Endeavour Silver reported a loss of $0.03 earnings per share for the most recent quarter, falling short of analysts' expectations, despite generating revenue of $85.3 million.

TD Asset Management Inc lifted its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 19.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,458,979 shares of the mining company's stock after purchasing an additional 740,046 shares during the period. TD Asset Management Inc owned 1.54% of Endeavour Silver worth $21,927,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its position in Endeavour Silver by 3.0% during the second quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock valued at $362,000 after purchasing an additional 2,129 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Endeavour Silver by 5.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company's stock valued at $203,000 after buying an additional 2,161 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after acquiring an additional 2,915 shares during the period. Atria Wealth Solutions Inc. increased its holdings in Endeavour Silver by 23.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after acquiring an additional 5,116 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in Endeavour Silver during the 2nd quarter worth approximately $29,000. 20.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. CIBC lifted 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. Zacks Research lowered Endeavour Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 23rd. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Endeavour Silver in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $8.67.

Endeavour Silver Price Performance

EXK stock opened at $9.06 on Friday. 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 company's fifty day moving average price is $6.82 and its 200-day moving average price is $5.22. Endeavour Silver Corporation has a one year low of $2.95 and a one year high of $10.37. The company has a market capitalization of $2.65 billion, a PE ratio of -33.56 and a beta of 1.29.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $81.48 million. On average, equities analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

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.

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