390,000 Shares in Endeavour Silver Corporation $EXK Acquired by Sagil Capital LLP

Sagil Capital LLP bought a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 390,000 shares of the mining company’s stock, valued at approximately $3,666,000. Endeavour Silver comprises approximately 0.8% of Sagil Capital LLP’s portfolio, making the stock its 13th largest position.

Several other hedge funds have also modified their holdings of EXK. Vanguard Group Inc. boosted its position in shares of Endeavour Silver by 1,631.7% in the third quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock worth $33,720,000 after acquiring an additional 4,056,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Endeavour Silver by 38.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after acquiring an additional 3,005,563 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Endeavour Silver in the third quarter worth approximately $20,225,000. Condire Management LP boosted its position in shares of Endeavour Silver by 200.0% in the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock worth $23,520,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Endeavour Silver in the third quarter worth approximately $14,146,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

EXK stock opened at $8.08 on Friday. The stock has a 50-day moving average price of $9.51 and a two-hundred day moving average price of $10.24. Endeavour Silver Corporation has a 12-month low of $4.53 and a 12-month high of $15.15. 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 cap of $2.39 billion, a PE ratio of -101.02 and a beta of 1.28.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The firm had revenue of $209.70 million during the quarter, compared to the consensus estimate of $200.41 million. As a group, research analysts predict that Endeavour Silver Corporation will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXK. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.