XTX Topco Ltd Decreases Stake in Endeavour Silver Corporation $EXK

Key Points

• XTX Topco Ltd significantly reduced its stake in Endeavour Silver Corporation by selling 82,510 shares, representing a 75.4% decrease, leaving it with 26,931 shares worth $115,000.
• Several institutional investors increased their holdings in Endeavour Silver during the first quarter, including LPL Financial LLC, which raised its position by 129.7% to own 648,822 shares valued at $2,770,000.
• Endeavour Silver reported earnings of ($0.03) per share for the quarter, missing expectations, while experiencing a revenue of $85.30 million, exceeding analysts' estimates of $81.48 million.

XTX Topco Ltd lowered its holdings in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 75.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,931 shares of the mining company's stock after selling 82,510 shares during the period. XTX Topco Ltd's holdings in Endeavour Silver were worth $115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $43,000. Farringdon Capital Ltd. purchased a new position in shares of Endeavour Silver in the fourth quarter worth $55,000. Hohimer Wealth Management LLC lifted its holdings in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of Endeavour Silver during the fourth quarter valued at $57,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Endeavour Silver during the fourth quarter valued at $85,000. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Price Performance

Shares of NYSE EXK traded down $0.11 during midday trading on Tuesday, reaching $5.46. The stock had a trading volume of 2,213,915 shares, compared to its average volume of 11,769,848. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. Endeavour Silver Corporation has a 12-month low of $2.76 and a 12-month high of $6.04. The stock has a 50-day moving average of $5.25 and a 200-day moving average of $4.37. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -20.28 and a beta of 1.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The business had revenue of $85.30 million for the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. As a group, research analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EXK has been the subject of several research reports. HC Wainwright boosted their price objective on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday. Finally, National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Two 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. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.