Renaissance Technologies LLC Purchases 1,892,600 Shares of Endeavour Silver Corporation $EXK

Renaissance Technologies LLC raised its position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 18,554.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,902,800 shares of the mining company’s stock after buying an additional 1,892,600 shares during the period. Renaissance Technologies LLC’s holdings in Endeavour Silver were worth $17,715,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EXK. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Endeavour Silver by 389.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after acquiring an additional 3,647 shares in the last quarter. Signaturefd LLC acquired a new position in Endeavour Silver during the 4th quarter worth about $47,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Endeavour Silver in the 1st quarter valued at about $55,000. Greenberg Financial Group acquired a new position in shares of Endeavour Silver during the fourth quarter worth approximately $94,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $100,000. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Trading Up 2.6%

NYSE EXK opened at $7.75 on Friday. Endeavour Silver Corporation has a 12 month low of $4.91 and a 12 month high of $15.15. The stock has a 50-day simple moving average of $8.40 and a 200 day simple moving average of $9.96. 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 company has a market capitalization of $2.30 billion, a PE ratio of 36.93 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $212.10 million during the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a return on equity of 18.48% and a net margin of 9.30%. Research analysts forecast that Endeavour Silver Corporation will post 0.64 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on EXK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. HC Wainwright reiterated a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Company Profile

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.