Tudor Investment Corp ET AL Takes Position in Endeavour Silver Corporation $EXK

Tudor Investment Corp ET AL purchased a new stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,804,357 shares of the mining company’s stock, valued at approximately $14,146,000. Tudor Investment Corp ET AL owned approximately 0.61% of Endeavour Silver at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Endeavour Silver by 38.1% in the 3rd 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 in the last quarter. Alps Advisors Inc. grew its stake in Endeavour Silver by 113.9% during the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after acquiring an additional 2,374,365 shares in the last quarter. Vanguard Group Inc. grew its stake in Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock valued at $33,720,000 after acquiring an additional 4,056,768 shares in the last quarter. Condire Management LP increased its holdings in shares of Endeavour Silver by 200.0% in the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock valued at $23,520,000 after purchasing an additional 2,000,000 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at about $20,225,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on EXK. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. HC Wainwright lifted their target price on shares of Endeavour Silver from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, B. Riley Financial upped their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Stock Down 5.4%

EXK stock opened at $8.23 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of -19.58 and a beta of 1.16. Endeavour Silver Corporation has a 1 year low of $2.95 and a 1 year high of $15.15. The company has a fifty day simple moving average of $11.82 and a 200 day simple moving average of $9.48. The company has a current ratio of 1.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.41.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Friday, February 27th. The mining company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $172.60 million for the quarter, compared to analyst estimates of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. Sell-side analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

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.