TD Asset Management Inc Reduces Stake in Endeavour Silver Corporation $EXK

TD Asset Management Inc reduced its position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,255,256 shares of the mining company’s stock after selling 106,204 shares during the period. TD Asset Management Inc owned approximately 1.10% of Endeavour Silver worth $30,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montrusco Bolton Investments Inc. purchased a new position in shares of Endeavour Silver in the 3rd quarter worth $9,514,000. Alps Advisors Inc. boosted its stake in shares of Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after buying an additional 2,374,365 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Endeavour Silver in the 3rd quarter worth $1,098,000. Tudor Investment Corp ET AL purchased a new position in shares of Endeavour Silver in the 3rd quarter worth $14,146,000. Finally, Baader Bank Aktiengesellschaft boosted its stake in shares of Endeavour Silver by 369.0% in the 3rd quarter. Baader Bank Aktiengesellschaft now owns 108,520 shares of the mining company’s stock worth $851,000 after buying an additional 85,383 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXK. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. HC Wainwright reiterated a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Endeavour Silver Price Performance

NYSE EXK opened at $7.97 on Friday. The company has a market capitalization of $2.36 billion, a PE ratio of -99.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. The business’s fifty day moving average is $9.59 and its 200 day moving average is $10.21. Endeavour Silver Corporation has a fifty-two week low of $4.31 and a fifty-two week high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $200.41 million. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%. Sell-side analysts predict that Endeavour Silver Corporation will post 0.63 earnings per share for the current year.

About Endeavour Silver

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.