PEAK6 LLC Invests $1.79 Million in Endeavour Silver Corporation $EXK

PEAK6 LLC purchased a new stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 216,696 shares of the mining company’s stock, valued at approximately $1,794,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Endeavour Silver by 13.3% during the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after buying an additional 289,096 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Endeavour Silver during the 1st quarter valued at approximately $100,000. Goldman Sachs Group Inc. lifted its position in shares of Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after acquiring an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Endeavour Silver by 162.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock worth $2,252,000 after acquiring an additional 326,508 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after acquiring an additional 5,303 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. B. Riley Financial started coverage on Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Up 0.1%

EXK stock opened at $10.63 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The company’s 50 day simple moving average is $8.66 and its 200-day simple moving average is $9.67. Endeavour Silver Corporation has a 12 month low of $5.52 and a 12 month high of $15.15. The firm has a market capitalization of $3.15 billion, a PE ratio of 50.62 and a beta of 1.35.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The firm had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Equities analysts expect that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

Endeavour Silver 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.