Cubist Systematic Strategies LLC Makes New $916,000 Investment in Endeavour Silver Corp. (NYSE:EXK)

Cubist Systematic Strategies LLC 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 filing with the Securities & Exchange Commission. The institutional investor purchased 250,136 shares of the mining company’s stock, valued at approximately $916,000.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Endeavour Silver by 82.4% during the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company’s stock worth $677,000 after purchasing an additional 83,600 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Endeavour Silver during the fourth quarter valued at approximately $321,000. Barclays PLC lifted its position in shares of Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after acquiring an additional 51,901 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Endeavour Silver by 28.3% in the fourth quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock valued at $575,000 after acquiring an additional 34,700 shares in the last quarter. Finally, Sprott Inc. lifted its position in shares of Endeavour Silver by 23.1% in the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after acquiring an additional 298,091 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

Shares of Endeavour Silver stock opened at $3.22 on Thursday. Endeavour Silver Corp. has a one year low of $2.46 and a one year high of $5.67. The company has a market cap of $887.00 million, a price-to-earnings ratio of -24.77 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The business’s 50 day moving average price is $3.91 and its 200 day moving average price is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $83.10 million. On average, research analysts predict that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXK. HC Wainwright restated a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Wednesday. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Raymond James began coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating on the stock. Finally, TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Profile

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.