Invesco Ltd. Buys 1,185,100 Shares of Endeavour Silver Corporation $EXK

Invesco Ltd. raised its stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 56.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,301,752 shares of the mining company’s stock after acquiring an additional 1,185,100 shares during the quarter. Invesco Ltd. owned approximately 1.20% of Endeavour Silver worth $14,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hohimer Wealth Management LLC boosted its position in 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 in the last quarter. Atria Wealth Solutions Inc. boosted its position in Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company’s stock valued at $113,000 after acquiring an additional 5,116 shares in the last quarter. Vident Advisory LLC boosted its position in Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock valued at $860,000 after acquiring an additional 6,441 shares in the last quarter. Cantor Fitzgerald L. P. increased its position in shares of Endeavour Silver by 33.0% during the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company’s stock worth $111,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Endeavour Silver during the fourth quarter worth $43,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 2.2%

NYSE:EXK opened at $5.7550 on Friday. Endeavour Silver Corporation has a 12 month low of $2.76 and a 12 month high of $6.04. The firm has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $4.41. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.67 billion, a P/E ratio of -21.31 and a beta of 1.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data 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 company 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 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXK shares. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. National Bankshares reaffirmed an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. National Bank Financial raised Endeavour Silver to a “strong-buy” rating in a research report on Thursday, June 12th. HC Wainwright upped their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $8.33.

Endeavour Silver Company 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.