Candriam Luxembourg S.C.A. acquired a new position in shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the mining company’s stock, valued at approximately $107,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in Endeavour Silver during the third quarter worth approximately $4,459,000. Renaissance Technologies LLC lifted its holdings in shares of Endeavour Silver by 9.4% during the third quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock worth $10,219,000 after buying an additional 380,525 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Endeavour Silver by 81.9% during the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock worth $162,000 after buying an additional 31,651 shares during the last quarter. Morgan Stanley raised its stake in shares of Endeavour Silver by 33.7% in the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock valued at $3,990,000 after purchasing an additional 435,827 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Endeavour Silver in the fourth quarter valued at $187,000. Hedge funds and other institutional investors own 19.37% of the company’s stock.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Endeavour Silver from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Tuesday, April 9th. HC Wainwright set a $3.00 target price on Endeavour Silver and gave the company a “buy” rating in a research note on Friday, April 12th. BMO Capital Markets reiterated a “hold” rating on shares of Endeavour Silver in a research note on Friday, April 12th. Finally, Noble Financial reiterated a “buy” rating and set a $3.00 price objective on shares of Endeavour Silver in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $2.81.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Monday, February 25th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $33.83 million for the quarter, compared to analysts’ expectations of $34.35 million. Endeavour Silver had a negative return on equity of 5.70% and a negative net margin of 8.29%. Equities research analysts forecast that Endeavour Silver Corp will post 0.02 earnings per share for the current year.
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Endeavour Silver Profile
Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.
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