Balyasny Asset Management L.P. Acquires New Shares in Endeavour Silver Corp. (NYSE:EXK)

Balyasny Asset Management L.P. acquired a new stake in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 224,077 shares of the mining company’s stock, valued at approximately $820,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Endeavour Silver by 239.2% in the fourth quarter. Bank of America Corp DE now owns 256,399 shares of the mining company’s stock worth $938,000 after purchasing an additional 180,800 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Endeavour Silver during the fourth quarter worth about $732,000. Orion Resource Partners LP purchased a new stake in shares of Endeavour Silver during the fourth quarter worth about $300,000. Parvin Asset Management LLC purchased a new stake in shares of Endeavour Silver during the fourth quarter worth about $109,000. Finally, Tudor Investment Corp ET AL grew its stake in shares of Endeavour Silver by 781.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 861,319 shares of the mining company’s stock worth $3,152,000 after acquiring an additional 763,575 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXK has been the topic of a number of research analyst reports. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Raymond James began coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating on the stock. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright reiterated a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Down 4.2%

EXK stock opened at $3.22 on Thursday. The company has a fifty day moving average price of $3.91 and a 200 day moving average price of $4.01. Endeavour Silver Corp. has a 12 month low of $2.46 and a 12 month high of $5.67. The company has a market cap of $887.00 million, a price-to-earnings ratio of -24.77 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The company had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $83.10 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Sell-side analysts expect that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

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.