Stonehage Fleming Financial Services Holdings Ltd Sells 22,350 Shares of Endeavour Silver Corp. (NYSE:EXK)

Stonehage Fleming Financial Services Holdings Ltd lowered its stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 48.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,150 shares of the mining company’s stock after selling 22,350 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Endeavour Silver were worth $88,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EXK. Blue Trust Inc. increased its holdings in shares of Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares in the last quarter. Alpha Cubed Investments LLC bought a new stake in Endeavour Silver during the 4th quarter worth $37,000. Geode Capital Management LLC increased its holdings in Endeavour Silver by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares in the last quarter. National Bank of Canada FI raised its position in Endeavour Silver by 3.4% in the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after purchasing an additional 15,075 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Endeavour Silver by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after purchasing an additional 19,200 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $3.67 on Monday. The stock has a market cap of $961.40 million, a P/E ratio of -28.19 and a beta of 1.64. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $4.00. Endeavour Silver Corp. has a 52 week low of $1.42 and a 52 week high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXK. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. HC Wainwright dropped their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Alliance Global Partners boosted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. Finally, TD Securities assumed coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus target price of $6.56.

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.