XTX Topco Ltd Sells 82,510 Shares of Endeavour Silver Corporation (NYSE: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 reduced its position in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 75.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC increased its position in shares of Endeavour Silver by 129.7% during the first quarter. LPL Financial LLC now owns 648,822 shares of the mining company's stock valued at $2,770,000 after buying an additional 366,302 shares during the period. TD Asset Management Inc increased its position in shares of Endeavour Silver by 12.1% during the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock valued at $15,865,000 after buying an additional 401,394 shares during the period. Hohimer Wealth Management LLC increased its position 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 buying an additional 2,915 shares during the period. Alps Advisors Inc. increased its position in shares of Endeavour Silver by 599.6% during the first quarter. Alps Advisors Inc. now owns 757,522 shares of the mining company's stock valued at $3,235,000 after buying an additional 649,246 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of Endeavour Silver during the first quarter valued at about $1,490,000. 20.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. HC Wainwright upped their price target on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research report on Wednesday, July 9th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. CIBC boosted 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. Finally, Wall Street Zen lowered Endeavour Silver from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Stock Up 1.0%

Shares of EXK opened at $5.55 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of -20.54 and a beta of 1.23. The stock has a 50 day simple moving average of $5.21 and a two-hundred day simple moving average of $4.34. 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 $2.76 and a 1 year high of $6.04.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $85.30 million during the quarter, compared to analysts' expectations of $81.48 million. Endeavour Silver had a negative return on equity of 0.65% and a negative net margin of 28.49%. On average, analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share 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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