Waratah Capital Advisors Ltd. acquired a new stake in Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 175,725 shares of the mining company’s stock, valued at approximately $443,000.
Several other hedge funds have also recently added to or reduced their stakes in EXK. Two Sigma Securities LLC grew its holdings in Endeavour Silver by 200.1% in the fourth quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock worth $76,000 after purchasing an additional 23,479 shares during the period. Jane Street Group LLC grew its holdings in Endeavour Silver by 81.9% in the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock worth $162,000 after purchasing an additional 31,651 shares during the period. Creative Planning purchased a new stake in Endeavour Silver in the fourth quarter worth about $33,000. Morgan Stanley grew its holdings in Endeavour Silver by 33.7% in the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock worth $3,990,000 after purchasing an additional 435,827 shares during the period. Finally, Millennium Management LLC purchased a new stake in Endeavour Silver in the fourth quarter worth about $1,977,000. Hedge funds and other institutional investors own 19.74% of the company’s stock.
A number of brokerages have weighed in on EXK. Zacks Investment Research upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Tuesday, April 9th. HC Wainwright set a $3.00 target price on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Friday, April 12th. BMO Capital Markets reiterated a “hold” rating on shares of Endeavour Silver in a research note on Friday, April 12th. Finally, Noble Financial reiterated a “buy” rating and issued a $3.00 target price on shares of Endeavour Silver in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $2.81.
Shares of NYSE EXK traded down $0.06 during midday trading on Thursday, hitting $1.79. The stock had a trading volume of 18,502 shares, compared to its average volume of 896,543. The company has a market cap of $256.37 million, a PE ratio of -19.67 and a beta of -0.11. Endeavour Silver Corp has a 52 week low of $1.76 and a 52 week high of $3.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 3.31.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Monday, May 6th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The firm had revenue of $29.10 million during the quarter, compared to the consensus estimate of $32.66 million. Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. On average, analysts forecast that Endeavour Silver Corp will post -0.08 earnings per share for the current fiscal year.
Endeavour Silver Company Profile
Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.
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