Quantbot Technologies LP Has $1.40 Million Position in Endeavour Silver Corp. (NYSE:EXK)

Quantbot Technologies LP raised its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 1,407.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 383,014 shares of the mining company’s stock after purchasing an additional 357,599 shares during the period. Quantbot Technologies LP owned 0.15% of Endeavour Silver worth $1,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXK. Vestcor Inc acquired a new position in Endeavour Silver in the 4th quarter valued at $549,000. Swiss National Bank increased its stake in shares of Endeavour Silver by 2.1% in the fourth quarter. Swiss National Bank now owns 485,900 shares of the mining company’s stock worth $1,781,000 after purchasing an additional 9,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after purchasing an additional 3,581,936 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Endeavour Silver by 0.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock valued at $39,545,000 after purchasing an additional 99,900 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Endeavour Silver by 28.3% in the 4th quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock valued at $575,000 after buying an additional 34,700 shares during the last quarter. Institutional investors own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXK shares. HC Wainwright increased their price objective on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday, March 12th. TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James initiated coverage on shares of Endeavour Silver in a research report on Friday. They set an “outperform” rating for the company. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

NYSE EXK opened at $4.65 on Tuesday. The stock has a market cap of $1.22 billion, a P/E ratio of -35.73 and a beta of 1.55. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver Corp. has a twelve month low of $2.12 and a twelve month high of $5.67. The company’s 50-day simple moving average is $4.01 and its 200 day simple moving average is $4.12.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. As a group, research analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Endeavour Silver Company Profile

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.