ExodusPoint Capital Management LP Purchases New Holdings in Endeavour Silver Corp. (NYSE:EXK)

ExodusPoint Capital Management LP purchased a new position in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,328 shares of the mining company’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently added to or reduced their stakes in EXK. Schroder Investment Management Group bought a new position in shares of Endeavour Silver in the fourth quarter worth $36,000. Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $73,000. Virtu Financial LLC acquired a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $80,000. Finally, CIBC Asset Management Inc bought a new position in Endeavour Silver in the fourth quarter valued at approximately $119,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 5.5 %

Shares of Endeavour Silver stock opened at $3.94 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $4.15. Endeavour Silver Corp. has a 12-month low of $2.42 and a 12-month high of $5.67. The company has a market capitalization of $1.08 billion, a P/E ratio of -30.27 and a beta of 1.47.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, sell-side analysts anticipate that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EXK. Raymond James started coverage on Endeavour Silver in a report on Friday, March 21st. They set an “outperform” rating for the company. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. HC Wainwright restated a “buy” rating and issued a $7.25 price target on shares of Endeavour Silver in a research note on Thursday. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Finally, TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

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.