TD Asset Management Inc Lowers Holdings in Endeavour Silver Corporation $EXK

TD Asset Management Inc trimmed its holdings in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,255,256 shares of the mining company’s stock after selling 106,204 shares during the period. TD Asset Management Inc’s holdings in Endeavour Silver were worth $30,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in EXK. Vanguard Group Inc. lifted its position in shares of Endeavour Silver by 1,631.7% in the third quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock valued at $33,720,000 after acquiring an additional 4,056,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Endeavour Silver by 38.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after acquiring an additional 3,005,563 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Endeavour Silver in the third quarter valued at about $20,225,000. Alps Advisors Inc. lifted its position in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after acquiring an additional 2,374,365 shares in the last quarter. Finally, Condire Management LP lifted its position in shares of Endeavour Silver by 200.0% in the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock valued at $23,520,000 after acquiring an additional 2,000,000 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Trading Down 14.0%

Shares of EXK stock opened at $7.97 on Friday. Endeavour Silver Corporation has a 12-month low of $4.31 and a 12-month high of $15.15. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $9.59 and its 200-day moving average price is $10.21. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -99.55 and a beta of 1.28.

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

Analyst Ratings Changes

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

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.