LPL Financial LLC Purchases 366,302 Shares of Endeavour Silver Corporation $EXK

LPL Financial LLC increased its position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 129.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 648,822 shares of the mining company’s stock after acquiring an additional 366,302 shares during the quarter. LPL Financial LLC owned about 0.24% of Endeavour Silver worth $2,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tidal Investments LLC increased its stake 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 valued at $40,914,000 after acquiring an additional 3,869,920 shares during the period. Millennium Management LLC bought a new stake in Endeavour Silver in the fourth quarter valued at about $7,930,000. Invesco Ltd. boosted its position in Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after buying an additional 1,780,405 shares in the last quarter. Mackenzie Financial Corp boosted its position 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 valued at $4,325,000 after buying an additional 1,073,114 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in Endeavour Silver by 781.2% in the fourth quarter. Tudor Investment Corp ET AL now owns 861,319 shares of the mining company’s stock valued at $3,152,000 after buying an additional 763,575 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXK has been the subject of a number of research analyst reports. CIBC boosted their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday. National Bank Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Thursday, June 12th. National Bankshares restated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Finally, 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $8.33.

Endeavour Silver Stock Up 0.2%

Endeavour Silver stock opened at $5.56 on Monday. The stock has a market capitalization of $1.61 billion, a PE ratio of -20.59 and a beta of 1.23. Endeavour Silver Corporation has a twelve month low of $2.76 and a twelve month high of $6.04. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $5.23 and a 200-day moving average of $4.36.

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

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.