Swiss National Bank Increases Stock Holdings in Endeavour Silver Corporation $EXK

Swiss National Bank increased its holdings in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,400 shares of the mining company’s stock after buying an additional 25,500 shares during the period. Swiss National Bank owned about 0.19% of Endeavour Silver worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXK. Tidal Investments LLC lifted its position in shares of Endeavour Silver by 52.9% during the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock valued at $40,914,000 after buying an additional 3,869,920 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Endeavour Silver during the 4th quarter valued at approximately $7,930,000. Mackenzie Financial Corp lifted its position in shares of Endeavour Silver by 995.2% during the 4th 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. Tudor Investment Corp ET AL lifted its position in shares of Endeavour Silver by 781.2% during the 4th 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. Finally, Castle Hook Partners LP purchased a new position in shares of Endeavour Silver during the 4th quarter valued at approximately $2,562,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 2.2%

Shares of EXK stock opened at $5.7550 on Friday. Endeavour Silver Corporation has a fifty-two week low of $2.76 and a fifty-two week high of $6.04. 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 stock’s fifty day moving average is $5.30 and its two-hundred day moving average is $4.41. The firm 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 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 company had revenue of $85.30 million for the quarter, compared to analysts’ expectations of $81.48 million. Research analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EXK shares. National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a report on Thursday, June 12th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Friday, May 23rd. HC Wainwright raised their price objective on Endeavour Silver from $7.25 to $8.75 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, CIBC raised their price objective on Endeavour Silver from $7.25 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Endeavour Silver currently has a consensus rating of “Buy” and a consensus price target of $8.33.

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.