Quantbot Technologies LP Grows Stock Position in Endeavour Silver Corporation $EXK

Quantbot Technologies LP increased its stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 532.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,837 shares of the mining company’s stock after purchasing an additional 129,502 shares during the quarter. Quantbot Technologies LP owned 0.05% of Endeavour Silver worth $1,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its position in Endeavour Silver by 2.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock worth $51,916,000 after buying an additional 223,457 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Endeavour Silver by 19.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock worth $38,852,000 after acquiring an additional 1,274,094 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Endeavour Silver by 13.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock valued at $26,895,000 after purchasing an additional 643,641 shares during the period. Alps Advisors Inc. boosted its holdings in Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after purchasing an additional 2,374,365 shares in the last quarter. Finally, Vanguard Group Inc. increased its position 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 worth $33,720,000 after purchasing an additional 4,056,768 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXK has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. iA Financial set a $11.00 price target on shares of Endeavour Silver in a report on Friday, January 9th. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, HC Wainwright lifted their price target on shares of Endeavour Silver from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.50.

Endeavour Silver Price Performance

NYSE:EXK opened at $11.53 on Friday. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month high of $15.15. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -27.45 and a beta of 1.16. The company’s 50-day moving average is $11.72 and its two-hundred day moving average is $9.12. The company has a current ratio of 1.53, a quick ratio of 0.57 and a debt-to-equity ratio of 0.41.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $172.60 million for the quarter, compared to analysts’ expectations of $227.99 million. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. Research analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current year.

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.