BW Gestao de Investimentos Ltda. Makes New Investment in Endeavour Silver Corporation $EXK

BW Gestao de Investimentos Ltda. bought a new position in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 684,629 shares of the mining company’s stock, valued at approximately $6,436,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of Endeavour Silver by 42.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock valued at $28,574,000 after buying an additional 910,378 shares during the last quarter. Armor Advisors L.L.C. bought a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $1,043,000. Geode Capital Management LLC raised its position in shares of Endeavour Silver by 25.0% during the fourth quarter. Geode Capital Management LLC now owns 202,650 shares of the mining company’s stock valued at $1,945,000 after buying an additional 40,492 shares during the last quarter. Themes Management Co LLC bought a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $334,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $2,042,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 0.6%

EXK stock opened at $9.82 on Wednesday. The firm has a fifty day moving average price of $9.56 and a 200 day moving average price of $10.20. Endeavour Silver Corporation has a fifty-two week low of $3.85 and a fifty-two week high of $15.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. The firm has a market cap of $2.91 billion, a PE ratio of -122.78 and a beta of 1.28.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXK. HC Wainwright reiterated a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Finally, Zacks Research raised 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 issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.50.

About Endeavour Silver

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.