TD Asset Management Inc Lowers Stock Position in Endeavour Silver Corporation $EXK

TD Asset Management Inc lessened its stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 24.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,361,460 shares of the mining company’s stock after selling 1,097,519 shares during the period. TD Asset Management Inc owned approximately 1.14% of Endeavour Silver worth $26,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jupiter Asset Management Ltd. grew its position in Endeavour Silver by 2.2% in the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock worth $51,916,000 after acquiring an additional 223,457 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Endeavour Silver by 19.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock worth $38,852,000 after purchasing an additional 1,274,094 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Endeavour Silver by 13.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock worth $26,895,000 after purchasing an additional 643,641 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Endeavour Silver by 113.9% during the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after purchasing an additional 2,374,365 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock valued at $33,720,000 after buying an additional 4,056,768 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Analysts Set New Price Targets

EXK has been the topic of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. B. Riley Financial lifted their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. iA Financial set a $11.00 price target on shares of Endeavour Silver in a research report on Friday, January 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $14.50 price objective (up from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $13.88.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $13.90 on Friday. The company’s fifty day simple moving average is $11.53 and its two-hundred day simple moving average is $8.96. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month high of $15.15. The firm has a market cap of $4.11 billion, a PE ratio of -33.10 and a beta of 1.23. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, equities analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Endeavour Silver Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.